China's Auto Industry Shows 60% Leap in Profits

China's auto industry saw a 30% rise in sales revenue....and a 64% rise in profits!

Steel prices have gone down and domestic demand is up = fat and happy.

China's Huiyu Rating Agency says the outlook is Rosy - Chinese Red rosy.

One of the reasons for the growth in car sales, say some, is the rise in housing prices.
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