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China to See 5% Car Sale Growth

02-11 15:38 Caijing Magazine

Full article in Chinese: http://www.caijing.com.cn/2009-02-10/110054784.html

» China is expected to post a higher than 5 percent year on year growth in car sales in 2009.

» Industry statistics show that in January, car sales reached 735,500 units in the China market, declining 14 percent year on year. But, encouraged by tax preferential policies, sales of sedans rose 4.43 percent to 610,500 units.

» Industry experts expect the government's stimulus policies will further encourage car sales in China throughout the year.

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