BEIJING — China's automotive industry is posting a 10.1% gain in production value for the first quarter, says Zhou Jianping, an official with the State Bureau for Machine-Building Industry. Industry sales reached RMB42.62 billion (US$5.14 billion) in the January-March period, a RMB5.1 billion (US$616 million) increase over the same period of the previous year. Profitability rose 1.9% in the period. Zhou attributes the growth to the country's 13 top automotive enterprises, which last year ...
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