The total output value of Chongqing auto industry during the first 5 months of 2012 reached 139.58 billion yuan, up 7% year on year, according to Chongqing Economy and Informationization Commission on June 5, 2012.
The weak auto market in China dragged down the development of Chongqing auto industry this year and had a great negative impact on the overall economic growth of Chongqing.
Fortunately, the output value of Chongqing’s finished vehicles had rebounded steadily in the past two months.
And both the production and sales of Chongqing motorcycle enterprises declined, less than the national average, under the influence of negative factors including the rising manufacturing cost, the appreciation of RMB and the downturn of domestic and oversea markets, etc.
Deng Jun