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