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

Argos partners with Go ON UK to help people become “more confident with technolo

In an attempt under which UK adults lacking digital skills will be provided training and access to technology, catalog retailer Argos has worked out a partnership with digital skills charity Go ON UK. The partnership between Argos and Go ON UK will aim at providing practical skills, access and technology to some of the 9.5 million UK residents...

Most Popular

Newly Identified Leaky Galaxy Helps Astronomers Understand Origin of Light in Un

Astronomers have identified a galaxy which is located 2....

Wildlife scientists issue water alert as toxic mussels arrive in Britain

Scientists have discovered an alien species of mussel in...

Data Breach at Kmart: The Latest Retailer to Suffer Data Theft

Late on Friday Sears Holdings Corp. said that its Kmart...

GT Advanced Technologies Inc. Plans to Shut Down Arizona Plant and Trim 890 Jobs

GT Advanced Technologies Inc, which supplies the proof...

Poll

Can Greece Come out of Economic Problems: