July 9 (Bloomberg) -- Chinaâs passenger-vehicle sales rose 48 percent in June, the biggest jump since February 2006, as government stimulus spending spurred a revival in the worldâs third-largest economy.
Chinese motorists bought 872,900 cars, sport-utility vehicles and other passenger vehicles last month, the China Association of Automobile Manufacturers said in a statement today. Overall auto sales, including buses and trucks, rose 36 percent from a year earlier to 1.14 million.
A 4 trillion yuan ($585 billion) economic package has helped China surpass the U.S. as the worldâs largest auto market this year and boosted sales for companies from General Motors Corp. to Alcoa Inc. The country is âa positive forceâ that will help drive growth as the world emerges from the global recession, billionaire George Soros said yesterday.
âChinaâs downward slide is clearly over,â said Wang Qingtao, an analyst at First Capital Securities Co. in Shenzhen. âThere is also huge natural demand for vehicles, which will continue to drive the industry for years to come.â
http://www.bloomberg.com/apps/news?pid=20601087&sid=aitR1CpS3KT8
48 %, that´s a number US dealers can just dream of...
Chinese motorists bought 872,900 cars, sport-utility vehicles and other passenger vehicles last month, the China Association of Automobile Manufacturers said in a statement today. Overall auto sales, including buses and trucks, rose 36 percent from a year earlier to 1.14 million.
A 4 trillion yuan ($585 billion) economic package has helped China surpass the U.S. as the worldâs largest auto market this year and boosted sales for companies from General Motors Corp. to Alcoa Inc. The country is âa positive forceâ that will help drive growth as the world emerges from the global recession, billionaire George Soros said yesterday.
âChinaâs downward slide is clearly over,â said Wang Qingtao, an analyst at First Capital Securities Co. in Shenzhen. âThere is also huge natural demand for vehicles, which will continue to drive the industry for years to come.â
http://www.bloomberg.com/apps/news?pid=20601087&sid=aitR1CpS3KT8
48 %, that´s a number US dealers can just dream of...
