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."Even though global manufacturing industries are facing sluggishness. China's automobile exports are maintaining growth. In the first three quarters, Chin▓a exported 560-thousand vehicles, thirty percent higher than the same period last year.Related stories:BEIJING, Dec. 10 -

p to five or six thousand vehicles in a month before. Now it only buys about a thousand. Russia used to purchase

- China will extend stimulus measures in the automobile industr▓y for one more year, with small adjustments, to further support the world's biggest and fastest-growing auto market. The government announced the decision Wednesday after an executive meeting of the State

  • and in a month. It is now still
  • selling storage."In the f▓irst
  • ten months of this year, Cherry
  • exported 125-tho▓usand vehicles
  • , up thirty percent compared to
  • the same period last year.Som▓e

other Chinese brand

Council ▓chaired by Premier Wen Jiabao. The stimulus package, which was due to expire at the end of this month, includes a 50 percent cut in the ▓10 percent purchase

s such as FAW and

tax for cars with an engine capacity of, or less than, 1.6 liters and subsidies for trade-in cars. It will now be extended to Dec 31, 2010. However, the purchase tax

Dongfeng have seen goo

for smaller cars will be lifted from the current 5 percent to 7.5 percent of the tota▓l vehicle price. Furthermore, the government also decided to raise the subsidy for

d performances this year. In Jilin province, o

f the newly registered

tra▓de-in cars from between 3,000 and 6,000 yuan to between 5,000 yuan an▓d 18,000 yuan per vehicle. The stimulus package launched by the government in January helped China's automobile sale

cars in September and

s to exceed an expec▓ted 13 million units this year, making the country surpass the US as the world's biggest auto market. "It's unusual that demand for automobiles in ▓a country increases m

October, one fourth

ore than 4.5 million units within 12 months, and sales break the monthly ▓record for seven months in a year," said Rao Da, secretary-general of China Passenger Car Associatio▓n. Statistics fro

were Chinese bran

m the China Association of Automobile Manufacturers (CAAM) show that the smaller cars, with engine capacity of, or less than, 1.6 liters, contributed 85 percent of the sales increase in the

xiang, China Automobile Dealers Associatio

domestic auto market. Most of▓ the best-selling cars in China are

ite uncertain factors fo▓r next year, we still have an optimistic forecast. We predict that next year our aut▓o sa