MNI BRIEF: China Car Exports Up M/M In July

China’s export of car passenger vehicles reached USD8.9 billion in July, up 13.4% m/m, of which electric vehicles totalled USD3.3 billion, up 25.0% m/m, the Wind data agency reported on Monday, quoting data released by the General Administration of Customs.

From January to July, China’s car passenger vehicles totalled USD53.2 billion, up 8.6% y/y, with electric vehicles at USD19.2 billion, up 1.5%, the data showed.

It is too early to say whether China and the U.S. will reach a permanent trade deal despite another 90-day extension of the tariff pause between the two countries, a policy advisor to the Ministry of Commerce told MNI. (See MNI INTERVIEW: Too Early To Say If China)