In the year of 2006,China produced and sold over 7.2 million automobiles,repre- senting a year-on-year growth of more than 25%.In this regard,China has become the second largest market only to the U.S.for new autos.By the end of last year,the total amount of autos owned by China stood around 40 million,and it was predicted that this figure would roar to 70 million 3 years later.
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