The China Economic Monitoring Center of the China National Bureau of Statistics and Sinotrust International Information & Consulting (Beijing) Co., Ltd. jointly release the “2009 Q3 China Automotive Industry Climate Index”.
The China Automotive Industry Climate Index records 99.6 points in the third quarter of 2009 (2001=100), up 2.7 points over the second quarter, which indicates that the automotive market is already recovering from the downturn. Thanks to the continuous policy support in Q3, the automotive industry continues to expand and prosper in production and sales, and thus in line with Q2. This trend is demonstrated by the stable rise in sales revenues, the significant increase in profits and taxes, the decrease in deficit and finally by the reduced number of companies running in the red. At the same time, the auto and spare parts export sector is also showing signs of recovery. To read the full release click on the link: https://www.biia.com/press.php
Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.
The BIIA library is approaching 10,000 news items and best demonstrated practices. BIIA members receive regular news alerts on key developments in the industry and the regulatory environment. The BIIA readership is widespread: between 4 to 5 thousand unique visitors access BIIA.com per month.
