China Passenger Car Association (CPCA) May data:
- vehicle sales +11% m/m (prior -9.4%)
- but -1.9% y/y (prior -5.7%)
Reasons for the m/m climb cited Government subsidies for replacing old cars with new ones:
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China’s vehicle sales recovered in May, government subsidies cited as helping
2024-12-30
FOREXLIVE
FOREXLIVEChina Passenger Car Association (CPCA) for May reported in Chinese media outlets
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