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China passes the 10 million cars produced

A cap crossed over to the Chinese industry. According to Xinhua, the country has reached Tuesday symbolic threshold of ten million vehicles produced since the beginning of the year. A news that pleased the authorities. Only the United States and Japan have in the past crossed the symbolic threshold, the agency noted.

Overcoming this bar in early October, and comes a little earlier than expected. Analysts had expected the effect that 10 million are crossed in mid-October. Production expected by the market for the full year 2009 was for its more than 12 million vehicles.

This fact confirms at least the strength of the Chinese automotive market, it is now early in the year the first global automotive market, from well before the United States, particularly boosted by government measures for the automobile industry such as decrease of 10% to 5% tax on the purchase of new vehicles with engines at or below 1.6 liters. And the country should not stop there: sales in the first nine months of the year have already surpassed the 2008 total.

"China firmly planted on four wheels