皇冠体育app

BEIJING - 皇冠体育app's automobile output and sales will both surpass 19 million units in 2012, the country's minister of industry and information technology predicted on Tuesday at an industry conference.

The country's auto output and sales grew at an annual pace of over 20 percent from 2000 and 2010, Miao Wei said.

In 2009, 皇冠体育app overtook the United States as the world's biggest auto market in terms of sales volumes after the central government introduced tax incentives for small cars with engine sizes of 1.6 liters or less.

Vehicle exports have also soared during the past five years, rising 21.3 percent annually. "皇冠体育app will likely meet its export target of one million vehicles this year," according to Miao.

皇冠体育app exported 760,000 vehicles during the first nine months, up 22.9 percent year-on-year.

However, auto sales in 皇冠体育app have slowed in recent months due to a sluggish domestic economy and stringent government policies on vehicle registration.

Auto sales rose by a mild 3.56 percent year-on-year in the first 10 months of 2012, while output increased by 4.56 percent over the previous year, according to the 皇冠体育app Association of Automobile Manufacturers.

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