Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Belt and Road FAQ

China's passenger vehicles sales fall in January

February 10, 2017


Abstract : China's passenger vehicles sales fell in January, the first year-on-year drop in almost a year, data showed Thursday.

BEIJING, Feb. 9 (Xinhua) -- China's passenger vehicles sales fell in January, the first year-on-year drop in almost a year, data showed Thursday.

A total of 2.12 million passenger vehicles were sold in January, dropping 9.8 percent year on year, marking the first year-on-year drop since February 2016, according to China Passenger Car Association (CPCA).

The association attributed the fall to the Spring Festival holiday and the effects of less preferential car purchase policies.

China has had the world's largest car buying market for eight consecutive years. About 28 million cars were sold in China in 2016, up 13.7 percent year on year thanks to preferential purchase policies and other government measures, according to the Ministry of Commerce.

Last December, the Ministry of Finance continued its preferential car purchase taxation policy but reduced the tax cuts for 2017.

Growth in auto sales in 2017 could slow to an annual 2 to 6 percent, according to the MOC.

Scan the QR code and push it to your mobile phone

Keyword: China-auto-sales China-passenger-car

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial