JAPAN: Chinese 2005 vehicle production seen at 5.3 million, up 70.9% on 2002 - report
According to Jiji Press, China's vehicle production in 2005 is expected to soar 70.9% from 2002 to 5.3 million units as a string of foreign makers enter the country, according to a report by a private Japanese think tank on Tuesday. The forecast by Fuji-keizai Co. puts China on a par with Germany, which ranks third after the United States and Japan in terms of vehicle production. In 2001, China was the eighth largest producer.
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