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Old 08-13-2011, 11:46 AM   #1
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Default buying sneakers online " Zhang Xiaoyu

ndustry," Zhang Xiaoyu, vice-president of China Machinery Industry Federation (CMIF), told China Daily.
Zhang said in the second half of this year growth in sales of private cars and buses will lead an increase across the industry buying sneakers online , as market demand still exists despite lower growth in both production and sales.
According to data from CMIF, the year-on-year growth rate of auto sales slowed to 3.25 percent in the first half of the year, compared with 30 percent and nearly 50 percent annual growth rates in 2010 and 2009, respectively.
Production and sales of private cars numbered 4.92 million and 4.95 million respectively, rising by 7.03 percent and 8.02 percent compared with the previous year.
The slowing growth of auto sales resulted from the expiration of the government's two-year period of incentives, including a reduced purchase tax and subsidies to trade-ins buying sneakers online , and a limit on sales in big cities, which was aimed at easing congestion.
"The improvement of energy efficiency and development of 'green' vehicles are vital for China's automobile industry as the vehicle population increases at a fast rate," said Wang Fuchang buying sneakers online jimmy choo shoes online DOVER AIR FORCE BASE, deputy director-general of the equipment manufacturing industry with the Ministry of Industry and Information Technology (MIIT).
"By 2020, the vehicle population will hit 200 million in China," Wang estimated.
According to the CMIF, 50 percent of the total production of gasoline in China is currently used as fuel for automobiles. The annual production of crude oil is about 200 million tons.
"The strategic adjustment is targeted at accelerating the upgrade of the auto industry, spurring auto makers to speed up the development of new energy automobiles, instead of curbing auto sales in the long term buying sneakers online ," Zhang said.
For the first half of this year, sales of sport-utility vehicles (SUVs) increased by 20 percent in the Chinese market. Imported SUVs witnessed an increase of more than 50 percent domestically.
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