CHINA TOPIX

11/04/2024 01:08:21 pm

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Chinese auto sector

China Auto Sales to Grow 5% in 2017 due to Tax Incentive Reduction

China's auto sector had a bumper year in 2016 as vehicle sales increased 13.7 percent, the fastest growth rate in three years. However, the outlook for the coming year is rather tepid as the government has announced phasing out tax incentives on vehicle purchase.

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Chinese Auto Industry Shows Strong Growth

China's auto industry reported its sharpest sales increase in almost a year in October, according to a report from the China Association of Automobile Manufacturers (CAAM).

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