China auto sales up 4.2% in August
Saturday 10 September 2011
China's auto sales rose 4.2 percent in August to 1.38 million units, an industry group said Friday, as the world's largest auto market continues to grow at a modest pace.
"The trend of small increases in sales is likely to be sustained," the China Association of Automobile Manufacturers said in a statement.
Sales of passenger vehicles - which account for the bulk of overall auto sales - reached 9.22 million units in the January-August period, up 6.1 percent from a year earlier, it added.
China, which overtook the US to become the world's top auto market in 2009, has become increasingly important for global players. Auto sales in the country rose more than 32 percent last year to a record 18.06 million units.
But the sector has since lost steam after Beijing early this year phased out sales incentives such as tax breaks for small-engine vehicles, originally introduced to ward off the impact of the global financial crisis.
Auto sales dipped 0.25 percent in April in their first decline in more than two years. Sales were down 3.98 percent on the year in May before they rebounded by rising 1.4 percent in June and 2.2 percent in July.
The association warned in June that auto sales growth for the whole of 2011 would be just five percent, down from an earlier forecast of 10 to 15 percent.
Life & Style blogs
National Burger Day: all your beefy questions answered
36-year-old skeleton of dead baby found inside Indian woman
Anal sex study reveals climate of 'coercion'
The science of saturated fat: A big fat surprise about nutrition?
Samsung Galaxy S5 Mini review: a watertight little brother to the S5 with a top flight screen
Exclusive: We share blame for creating 'jihad generation', says Muslim strategist
Robin Williams Emmys tribute led by Billy Crystal criticised for including 'racist' joke about Muslim woman
The Rotherham child abuse scandal is a tale of apologists, misogyny and double standards
Scottish independence TV debate: Pumped-up Alex Salmond bounces back in bruising second round against Alistair Darling
Arizona shooting: Gun instructor accidentally killed by nine-year-old girl with Uzi
Do you realise just how foolish the UK looks?
- 1 Arizona shooting: Gun instructor accidentally killed by nine-year-old girl with Uzi
- 2 Paul Scholes: Manchester City were so good against Liverpool I felt like turning the television off
- 3 Notting Hill Carnival: Woman shares selfie after being ‘punched in face for telling man to stop groping her’
- 4 Homer Simpson has taken the ALS ice bucket challenge because of course he has
- 5 Do you realise just how foolish the UK looks?
- < Previous
- Next >
£130 - £160 per day: Randstad Education Leeds: Qualified KS2 Supply Teacher re...
£100 - £150 per day: Randstad Education Leeds: Qualified KS1 Supply Teacher re...
£90 - £145 per day + travel expenses: Randstad Education Newcastle: Year 3 Tea...
£32000 - £40000 per annum + bonus: Ashdown Group: HR Manager (Generalist) -Old...