Car Sales Continue With Strong Growth
Jan-09 01:21
China’s retail car sales reached 2.62 million vehicles in December, a rise of 11% y/y or 9% m/m, of which 1.38 million were electric vehicles, rising 46% y/y or 10% m/m, Yicai.com reported citing preliminary statistics by the China Automobile Dealers Association. The 2024 retail sales of passenger cars grew by 5% y/y to reach 22.88 million, driven by subsidies from national car renewal policy and trade-in schemes launched by local governments, the newspaper said.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
MNI: CHINA PBOC CONDUCTS CNY141.6 BLN VIA 7-DAY REVERSE REPOS TUES
Dec-10 01:21
- CHINA PBOC CONDUCTS CNY141.6 BLN VIA 7-DAY REVERSE REPOS TUES
CNY: USD/CNY Fixing Lower than Market Estimates.
Dec-10 01:19
- CNY Reference Rate at 7.1896 Per USD; Estimate 7.2798
- CNY reference rate was fixed 0.04% higher than the previous trading day, but lower than market estimates as per China Foreign Exchange Trade System (CFETS) website.
- CNY trading is allowed within 2% of the fixing, which is set daily by the central bank.
MNI: CHINA SETS YUAN CENTRAL PARITY AT 7.1896 TUES VS 7.1870
Dec-10 01:19
- CHINA SETS YUAN CENTRAL PARITY AT 7.1896 TUES VS 7.1870
