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Baosteel, Handan to build US$2.5b steel plant
Chinese retailers earn 320 bln yuan in holiday
Govt subsidies help farmers purchase 300,000 farm machines in '06
Shenzhen Development Bank posts 129% growth in net profits in Q1
Major Chinese steel firms quadruple profits in Q1
Increase of home prices set to fall
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IBM to sell Lenovo shares at 6.7% discount
Indian, Chinese tea firms join hands
Daily number of loaded freight cars hits record high in China
Report: Chinese cities in danger of housing bubble
Huaxia Bank's net profit rises 21% in first quarter
China plans to ax fees for incoming cell calls
Industry  
Local, foreign small and medium-sized enterprises to meet
Shanghai Automotive appoints new president
Stock accounts halted to counter speculations fears
Both import, export value of tungsten down 11% in Q1
Expert: China to become world's second largest trader this year
China reports jump in diamond imports
 
China's car exports rise in 1st quarter of 2007
BEIJING, May 10 (Xinhua) -- China exported 99,800 vehicles in the first quarter this year, 5.32 percent up on the same period of last year, according to figures from the General Administration of Customs.


The export of sedans (also known as saloons), or passenger cars excluding sport utility vehicles (SUVs) and multi-purpose vehicles (MPVs), soared by 49 percent on last year to 25,000 units.


Car parts and other related exports soared 36.3 percent to a value of 8 billion U.S. dollars, while imports rose 18.5 percent to 5.4 billion U.S. dollars.


China produced 2.19 million vehicles in the first three months of the year, up 22.6 percent on the same period of 2006. This included 1.6 million passenger cars, up 23.7 percent.


At the same time, 2.1 million vehicles were sold domestically, a rise of 22.2 percent.

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