Car Production in China Rises 67% in October

BEIJING, Nov. 24, 2005; (Xinhuanet) -- China produced 245,400 cars in October this year, up 67.6 percent year-on-year, said the National Statistics Bureau Thursday.

In the first ten months of this year, altogether 2,358,800 cars came off the assembly line, up 21.5 percent over the same period of last year.

Car production dropped nearly 10 percent to 24,800 cars, as compared with the figure in September, the source said.

The output reduction resulted from the sales slump this October and a stockpile pressure since the third quarter this year, the source added.

Major automakers, such as Xiali and Beijing Hyundai, chopped their car production by around 30 percent, it said.

The National Statistics Bureau noted that seasonal adjustment was a reasonable cause for the cut in auto production, which predicts a rebound of car output in November