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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Growth in private cars, motorbikes slows in China: government AFP - 1 hour 4 minutes ago BEIJING (AFP) - - Growth in privately owned cars and motorcycles slowed markedly in China last year, the government said Monday, in yet another sign of the impact of the global crisis on the world's fourth biggest economy. China had about 129 million private cars and motorcycles in 2008, an increase of 6.4 percent from the year before, the ministry of public security said in a statement posted on its website. This compared with a rate of growth of 10.9 percent in 2007, the ministry said. The ministry did not give a reason for the slowdown, but the data seemed to fit with other figures showing a slowing auto market in China. China's auto sales fell 14.6 percent in November from the same month a year earlier, according to industry association figures. China's economy is under huge pressure due to the global crisis, with overall growth in the third quarter at nine percent, the lowest in more than five years. The World Bank has forecast that growth in the Chinese economy will slow to 7.5 percent in 2009, the lowest in 19 years. According to the public security ministry, China had 87.3 million private motorcycles and 41.7 million private cars in 2008. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy Forget recession: Tuna fetches top yen in JapanAFP - 1 hour 1 minute ago Growth in private cars, motorbikes slows in China: governmentAFP - 1 hour 4 minutes ago Asian stocks rally on recovery hopesAFP - 1 hour 6 minutes ago Rio Tinto restarts Australian iron ore minesReuters - 1 hour 32 minutes ago Related Articles: Business India's Tata Tele to announce GSM launch shortlyReuters - 27 minutes ago Indonesia's CPI up 11.06 pct, paves way for rate cutReuters - 30 minutes ago Turkish 2009 external funding gap $15-30 bln- reportReuters - 33 minutes ago China stocks up 3.3 pct, industrial metals surgeReuters - 36 minutes ago RPT-WRAPUP 4-Russia gas disruption spreads to CzechsReuters - 38 minutes ago Enlarge Photo Growth in private cars, motorbikes slows in China: government Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed US steel industry in collapse, eyes government aid: report John Travolta's teenage son dies, autopsy planned Israeli army moves on Gaza City as war toll passes 510 Rare Bugatti untouched for 50 years could fetch millions: report France leads alarm over Gaza, splits with US View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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