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automobile market, especially the strong performance of passenger car market, prompting iSuppli company raised its forecast of Chinas auto electronics industry. We expect 2007 OEM automotive electronics manufacturers will also be high revenue to reach 11.5 billion, an increase of 28.3%. Related to the consumption of semiconductor devices in 2011 will exceed 4.2 billion, calculated from the 2005 compound annual growth rate of 19%.

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While in 2008 the Chinese government will monetary policy from "prudent" to "tight", but macroeconomic fundamentals has not been fundamentally changed. Taking into account the Chinese market, a lot of good news, for example, a good economic environment, demographic dividend, the stock market wealth effect of the release, the Olympic Games-related fixed investment-led consumption growth, we believe that the 2008 auto market will maintain not less than 18 % growth rate.

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new cars in the sale, passenger car sales in 2007 expected to reach 6.3 million, an increase of 20.7%. This substantial growth over the years, showing that the country has become mature and SN54LS374J Price and stable consumer strong purchasing power. Meanwhile, commercial vehicle sales have also been completely reversed the decline in 2005. iSuppli expects in 2007, the overall commercial vehicle sales to grow 25.4%, up to 250 million.

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