Monday, February 27, 2006

economy - PBOC calls for consolidation car industry

China's central bank calls for a consolidation of the automotive industry now sales have been coming down dramatically from their heights in 2001-2003. (Reported by Forbes, who picked it up from AFX, who read it in a report of the PBOC.) Growth fell to eight percent in 2005, down from 45.7 percent in 2003. Margins have been hit even harder.

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