BEIJING — Beijing Automotive Industry Corp. (BAIC) increased its operating efficiency in the first half of 1999 and grabbed the lead in growth rate of production and sales in the country's automotive sector. BAIC turned out a total of 62,000 motor vehicles and sold 58,000 units in the first half of this year, fulfilling 61.7% and 57.0% of the planned annual targets and rising 52.5% and 50.4% year-on-year, respectively. At the same time, BAIC reduced losses by RMB170 million (US$20.5 ...

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