BEIJING Nov 9 Passenger car sales in China are
expected to rise 10 percent year-on-year in 2013, slightly lower
than the 11.1 percent official growth estimate for this year, Xu
Heyi, chairman of state-owned automaker BAIC Group, said on
China's once sizzling auto market has been under pressure
this year due to a slowing economy and rising fuel costs. Most
recently, the sector has been weighed down by sluggish sales by
Japanese brands, which has been hit by a rise in anti-Japanese
sentiment stemming from a territorial row between Tokyo and
Dong Yang, secretary general of the China Association of
Automobile Manufacturers (CAAM), has forecast passenger sales to
rise 11.1 percent to 16.1 million this year.
But many are now expecting CAAM to cut that forecast as
passenger car sales are up only 6.9 percent at 12.6 million in
the first 10 months of this year.
Xu made the comments to reporters on the sidelines of a the
Communist Party's Congress in Beijing.
(Reporting by Li Ran and Fang Yan in BEIJING and Kazunori
Takada in SHANGHAI; Editing by Matt Driskill)