Markets worldwide have been shaken recently by unexpected signs of slowdown in the Chinese economy. But one sector seems to be bucking the trend – and without much in the way of government stimulus.
Car sales in China rose 22.6 per cent year on year in May, according to figures released from the China Association of Automobile Manufacturers. Association officials said they expected the market to strengthen further in coming months.
General Motors’ total vehicle sales rose 21 per cent year on year in May; Nissangained 20 per cent; and German carmakers BMWand Audiwere up 31 per cent and 44 per cent respectively.
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