China’s total vehicle sales are likely to rise around 10% to 20m units next year, Xiong Chuanlin, vice secretary of the China Association of Automobile Manufacturers (CAAM), said on the sidelines of a conference.
CAAM, a semi-official industry group, forecast on Thursday that China’s vehicle sales will likely reach 18m units this year, up 32% from 2009, Dow Jones noted.
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