e-magazine
The Hot Zone
China's newly announced air defense identification zone over the East China Sea aims to shore up national security
Current Issue
· Table of Contents
· Editor's Desk
· Previous Issues
· Subscribe to Mag
Subscribe Now >>
Weekly Watch
Expert's View
World
Nation
Business
Finance
Market Watch
Legal-Ease
North American Report
Forum
Government Documents
Expat's Eye
Health
Science/Technology
Lifestyle
Books
Movies
Backgrounders
Special
Photo Gallery
Blogs
Reader's Service
Learning with
'Beijing Review'
E-mail us
RSS Feeds
PDF Edition
Web-magazine
Reader's Letters
Make Beijing Review your homepage
Hot Links

cheap eyeglasses
Market Avenue
eBeijing

ECONOMY
Weekly Watch> WEEKLY WATCH NO. 33, 2011> ECONOMY
UPDATED: August 12, 2011 NO. 33 AUGUST 18, 2011
Auto Recovery
Share

Auto sales in China climbed 2.18 percent year on year to reach 1.28 million units in July, according to data from the China Association of Automobile Manufacturers (CAAM).

The country produced 1.31 million cars in July, up 1.26 percent from one year earlier.

For the first seven months, the combined auto sales topped 10.6 million units, a rise of 3.22 percent year on year, while the output reached 10.46 million units, up 2.33 percent.

The country's auto market boomed for the past few years but started to cool after the government removed tax incentives for the industry and several cities have tightened automobile purchase policies in an effort to combat traffic jams.

"The government may resume favorable policies to boost the auto market as an effort to spur the slowing economy," said Yu Tiantian, a researcher with Jilin North Automobile Industry Information Development Co. Ltd.

Dong Yang, Secretary General of the CAAM, expected auto sales in the second half of the year to be significantly higher than those of the first half.

September and October are usually the peak time for the car market, said Dong.



 
Top Story
-Protecting Ocean Rights
-Partners in Defense
-Fighting HIV+'s Stigma
-HIV: Privacy VS. Protection
-Setting the Tone
Most Popular
 
About BEIJINGREVIEW | About beijingreview.com | Rss Feeds | Contact us | Advertising | Subscribe & Service | Make Beijing Review your homepage
Copyright Beijing Review All right reserved