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Business / Motoring Opinion

Overcapacity in domestic car brands

(China Daily) Updated: 2013-01-21 15:08

A recent report from China Galaxy Securities shows that Chinese carmakers on average used only 58 percent of their production capacity last year, while Sino-foreign joint ventures operated at 90 percent. The report estimates that only four domestic carmakers will use more than 60 percent of their production capacity this year.

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