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Chinanews, Beijing, Aug. 22 – China's automobile output will reach 8.3 million by the end of 2007, and the increasing rate will reach 16.3% compared with 2006. Chinese automobile market is the second largest in the world.
According to latest statistics, demand for business automobiles in China amounts to 240 million, and 300 thousand will be exported aboard. Statistics also reveal that China has become the second largest new automobile seller only to the U.S. China will replace the U.S. to become largest automobile market in the world.
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