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:

BIIA Newsletter January 2010 Issue