Chinese GDP accelerated in final quarter of 2012

China’s GDP rose at a 7.9 per cent year-over-year pace in the fourth quarter of 2012, according to the most recent China Commercial Vehicle Outlook, jointly published quarterly by ACT and SIC, China’s State Information Center. 

“This was the first acceleration in GDP growth since the end of 2010, and was driven by strong trade growth as well as improving consumption and investment,” said Frank Maly, director of commercial vehicle transportation analysis & research at ACT. “Domestic sales of Chinese heavy-duty trucks (excluding tractor) continued downward in the fourth quarter, falling 18 per cent year over year; however, for the total truck and tractor market, Q4 sales were positive quarter over quarter.”

The China Commercial Vehicle Outlook includes an overview of the Chinese economy and a review and forecast of China’s heavy- and medium-duty truck and bus markets, as well as analysis of OEM market shares within China.

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