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Thursday, April 30, 2009

The next step lies in the automotive development for monetary recovery

By Zou Frbiz

National Bureau of Statistics chief economist at the Shanghai International Motor Show on the eve of that for the first quarter of the automobile industry of China's economic stability to make a significant contribution to recovery. At the same time, Bureau of the first phase of "China's automotive industry to monitor the index of the economy," the report released shows that the industry began to pick up signs of the economy, the automotive industry for the second quarter of entrepreneurs are optimistic about sales expectations.

Optimistic about the first quarter of data

Yao jing yuan is held the day before yesterday "2009 Shanghai International Motor Show Summit Forum" to make this expression. He said: "The auto industry's performance in the first quarter of the economy has stabilized as a whole made a significant contribution to recovery. Automotive industry is essential, it linked the entire national economy more than 150 industries, motor vehicles are the most pulling power, can pull the upper reaches of the iron and steel , electronics, chemical, automotive glass industry can pull, pull rubber industry is that car seats can also pull the textile and leather industry. "

State Department of Public Works message out of date statistics present that the first quarter of this year, the automobile market finished the fourth quarter of last year's heading down movement, automobile goods produced and sales 2,567,600 and 2,678,800, an advance of 1.91% and 3.88%, presented a small advance in goods produced and selling, and sales to some extent higher than the output. The first three months of motor vehicle sales over the United States, China has become the world's greatest market.

Industry has to comprise the first quarter of the finances

However, the circumstances is still dismal auto trade overseas, motor vehicle trade overseas a quarter of 61,000 yuan, down 62.06 out of 100, the apex five exporters are a extensive descent in exports. Yao jing yuan said that if there is no critical purpose last year, the countrywide vehicle goods produced will arrive at 10 million.

Released the matching day, the first point in time of "China's automotive development index" report presentations that the first quarter of 2009, the economic procedure subdivision indicator was 98.4 yuan, down 3.3, 0.7 decrease. Reported that complete, the development surge in the first quarter of 2009 has been curtailed, the development commenced to select up signals of the economy. Industry indicator plunged a greater caution, 83.3, 26.7 year-on-year descent, down 3.4 flexible chain of bonds, presenting the regular performance of the automotive industry. At the matching time taking into account the notably enlarged sales in March, early caution pointers deteriorated the prospect of carrying on to drop.

"The automobile development suggest warmer economic procedure will be better"

The report remarks that the output and procedure position of the automotive commerce blended, but with the macro-economic rebound, the automotive commerce to digest the position and the next quarter, inventory is anticipated to have more hopeful about sales.

Yao jing yuan also said that China's economy to rebound stability, the next step is very important for us to look at the contribution of the automotive industry.

He said very apparently adept to seem the assesses to revitalize the auto commerce performed a role. Down-to-earth kind to apply the assesses, to put this good signal, indications of steadiness in lodgings, it will turn into a trend. "Warming up before the automobile commerce, which shows that China's finances will be better the next step."

The report retains that China's outlook of the latest introduction of a sequence of financial incentive designs and the revitalization of the designing commerce, is compelled to boost the household market demand for automotive products. The second quarter of this year the position of the automotive commerce than the first quarter of the finances a minor improvement, but will not lift too much; enterprise output and administration position in the first quarter will be turned around, but still less than the second quarter of 2008 grade . - 21396

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