China Vehicle Sales Rise 7.7% as Tax Cut Boosts Demand for Cars

  • Passenger car sales climbed 9.3 percent to 2.23 million units
  • Commercial vehicle sales declined 3.4 percent to 303,600 units

China’s vehicle sales rose 7.7 percent last month as demand was spurred by a cut in tax on purchase of small passenger cars and ahead of the Lunar New Year.

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