Auto Sales Up in China By 19.5 Percent

Auto Sales Up in China By 19.5 Percent

Auto sales reports have confirmed that China got 19.5 percent growth in the first two months of this year. This is a very positive sign as far as the economic growth is concerned.

A total of 2.8 million cars have been sold in China during the month of January and February. This report was confirmed by the China Association of Automobile Manufacturers on Monday.

On the other hand total sales of trucks and buses got a growth of 14.7 percent. Around 3.4 million units were sold in the first two months of this year.

''We expect cyclical recovery in the Chinese economy to continue in 2013,'' said JP Morgan economist Haibin Zhu in a report. ''The gradual improvement in the macro environment would likely support some moderate growth in auto sales during the year.''

Automakers from all over the globe are now targeting the Chinese markets to sell their products as it has the largest customer base among all the countries. The Chinese government is also aiming at increasing the sales small sized fuel efficient vehicles.

They government has forecasted that the vehicle sales should reach 20.8 million units from 19.3 million units as sold in the last year.


FrenchTribune Specials

Novel Technique for Cloning Adult Stem Cells Devised

In a breakthrough revelation, researchers from South Korea have come up with a technique to clone adult stem cells. The process known as therapeutic cloning leads to be production of highly personalized stem cells that could be used for treating an array of illnesses like heart disease, blindness and to clone adults as well.

To carry out...

Most Popular

Wikipedia-Based Model could accurately Estimate Flu-Like Illness

A precise computer model for estimating levels of flu-...

16-Foot Shark Closes Beaches in Albany

A 16-foot-long great white shark had swum close to shore...

Meteors Supplied Vitamin B3 to Ancient Earth

NASA researchers have claimed that carbon-rich...

Peruvian Authorities Order Evacuation of 4,000 Residents Living near Ubinas volc

Peruvian authorities have passed the order to evacuate 4...

Poll

Can Greece Come out of Economic Problems: