Acute auto over-supply looms

China will produce twice the vehicles it needs by 2010 if the current investment frenzy in the automotive sector goes unchecked, Chen Bin, head of the National Development and Reform Commission's industry department told China Securities Journal. Vehicle production in China is expected to hit 20 million units in 2010, far outpacing expected sales of 9 million units, he said. Annual capacity, now at 8 million units, has already exceeded anticipated sales of 5.5 million units this year.