China’sCarIndustry.doc

China’s Car Industry 1. Chinas car sales rise 6.5% in March as market rebounds New passenger car sales stood at 1.35m, according to the latest data by the China Association of Automobile Manufacturers (CAAM). 2. Chinas car industry index hits new high The China Automotive Industry Climate Index set a new high of 105.8 points in the first quarter of this year, up 3.8 points from the fourth quarter of 2009. 3. Chinas car industry overtakes US New figures have shown that in December, for the first time ever, there have been more cars sold in China than the United States. Chinas car sales rise 6.5% in March as market rebounds New passenger car sales stood at 1.35m, according to the latest data by the China Association of Automobile Manufacturers (CAAM). China overtook the US in 2009 to become the worlds biggest auto market. Car sales for the first three months of the year grew by 9.1%, compared with the first quarter last year. Chinas car industry index hits new high The China Automotive Industry Climate Index set a new high of 105.8 points in the first quarter of this year, up 3.8 points from the fourth quarter of 2009. The index has been on the rise since it hit a record low in the first quarter of 2005. The Pre-warning Index of China Automotive Industry, an important indicator reflecting the climate of the sector, moved into the Yellow Zone to 133.3 points, up 16.6 points from the last quarter of 2009 and has risen for the fourth quarter in a row. Industry insiders said the figures, jointly released on Thursday by the National Bureau of Statistics (NBS) and Sinotrust International Information Consulting (Beijing), the largest automotive marketing solutions provider in China, is a sign that the automotive industry is starting to overheat, the Beijing Times reported. However, Pan Jiancheng, deputy director of the China Economic Monitoring Center of the NBS, said that despite a reading in the Yellow Zone the figures showed the countrys automotive industry is rebounding