... auto sales.
This actually surprises me and speaks to China's economic growth and its resilience during this worldwide recession.
China auto sales surpass US for 3rd monthSHANGHAI -- Preliminary figures show auto sales in China reached about 1.03 million in March, exceeding U.S. sales for the third month in a row, state media reports said Wednesday.
Sales data from 14 major auto makers, accounting for roughly 90 per cent of total sales, totaled 1.026 million, the Shanghai Securities News and other state-run newspapers said, citing Chen Bin, head of the Department of Industry at China's main economic planning agency.
Full industry data due to be released by the China Association of Automobile Manufacturers in coming days could push March auto sales in China, the world's second-largest auto market, to a monthly record, the report said.
Read the whole story.
Leave a comment