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 DEVELOPMENT OF CHINA'S INDUSTRY |
| The production and sales of automobiles of China reached 9.3451mn and 9.3605mn respectively in 2008, up by 5.21% and 6.70% respectively year-on-year, while the growth rate of production and sales dropped by 16.81% and 15.14% respectively year-on-year, which was the first time for the annual growth rates below than 10% since 1999. |
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| STATUS OF FOREIGN INVESTMENT |
| According to the statistics of MOFCOM, 366 foreign investment projects in Automobile industry(Automobile Industry (Code C372) hereinafter is in accordance with the National Economic Industrial Classification (GB/T4754-2202£©.) were newly set up in 2009, 155 less than that of the same period in the last year, and the amount of the actual utilized foreign capital reached USD 2,294,730,000, down by 13.96£¥ year-on-year. |
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| COMMITMENTS TO THE WTO AND INTERNATIONAL PRACTICES |
| Under the commitments of China's accession to the WTO, as set forth in the Protocol and its annexes as well as in the Working Paper Report, China, after accession, will gradually liberalize the domestic automotive market with respect to such fields as tariff, non-tariff, investment and trade in services. |
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| DEVELOPMENT OF GLOBAL INDUSTRIES |
| Germany Automobile Industry Association declared recently in Frankfurt that the exported amount of Germany automobile was up to 3.9 million in 2006, which is a new record after three years¡¯ continuous growth. Germany car export amount in 2006 was 170 billion Euros with 8% growth, taking account of 17% of total export amount. Calculated by Germany Automobile Industry Association, 20% Germany export cars were enter America market, and 60% were accepted by Western Europe. |
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