Good news for China's auto industry last month..

Some impressive numbers out for January auto production and sales in China, good news for an industry that has been and still faces challenges, including overcapacity and falling prices. According to the China Association of Automobile Manufacturers , vehicle production jumped to 521,600 units, up 28.24% year-on-year, and sales reached 530,100 units, an impressive 44.62% growth. The real growth came in sales of passenger vehicles, which were up 72.63% to 418,900 units, including cars, sports utility vehicles, multi-purpose vehicles, and mini vans.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.