Auto sales in China increase by nine percent
By Catholic Online (NEWS CONSORTIUM)
4/9/2014 (3 years ago)
Catholic Online (www.catholic.org)
It's a sign of China's growing middle class - in addition to trying to beat the clock before new regulations go into effect. Passenger vehicle sales in China have risen nine percent year-on-year for the month of March. The sudden surge is driven by delayed new model launches ahead of the Beijing auto show. Chinese consumers also want to buy cars before curbs were introduced by the Hangzhou government.
Passenger vehicle sales in China have risen nine percent year-on-year for the month of March.
LOS ANGELES, CA (Catholic Online) - There were 1,588,792 cars, sport-utility or multi-purpose vehicles and minivans sold in the month of March. Figures from the China Passenger Car Association this week showed sales in the first three months of 2014 increased 9.5 percent to 4.6 million vehicles. This in spite of a weak February owing to the weeklong Spring Festival holiday.
"Passenger vehicle sales dropped a bit in the first week of March," Rao Da, the association's secretary-general says. They "gradually picked up until the boom in the final week when the Hangzhou government announced the purchase restrictions for new vehicles in the city".
Check out our fine selection of Bibles -- by going here!
After the government announcement on March 25, more than 70,000 vehicles were ordered in one day in Hangzhou, the capital of Zhejiang province.
"More than 10 cities are expected to launch similar limitations on vehicle purchases because of traffic and environmental considerations soon, so panic buying will add at least 500,000 vehicle sales this year," Rao said.
"This points to high growth in China's passenger vehicle market for the whole year," Rao added.
Rao predicted a similar sales number for April. More than 300 new model vehicles will be unveiled at the Beijing auto show, which will likely offset the impact of there being fewer working days this month.
"For the whole year, the association expects an annual increase of 10 percent in China's overall automobile market and 13 percent in the passenger vehicle sector," Rao said.
"Chinese homegrown automakers will be further challenged not only from a continued declining market share, but also shrinking exports to developing countries," Rao said.
Japanese automaker Nissan said this week that sales in China of its premium Infiniti brand grew 2.53 times in the first quarter, to 6,158 units compared with 2,434 in the same period last year.
Sales in China for US automaker General Motors rose to a record in March.
Copyright 2017 - Distributed by THE CALIFORNIA NETWORK
Pope Francis Prayer Intentions for OCTOBER 2017
Workers and the Unemployed. That all workers may receive respect and protection of their rights, and that the unemployed may receive the opportunity to contribute to the common good.
Indonesia's high court has ruled against a petition that would have outlawed all sex outside of marriage. LOS ANGELES, CA (California ... continue reading
A commission established in Australia to investigate child sex abuse has recommended the Catholic Chruch end its practice of priestly ... continue reading
North Korea has announced that war with the U.S. is inevitable, and it is now only a matter of when. The reclusive nuclear state commonly ... continue reading
As Pope Francis continues his visit to Burma -- also known as Myanmar -- this week, he is encountering a country where life for Catholics ... continue reading
After meeting several Rohingya Muslims and hearing their stories in Bangladesh, Pope Francis uttered a moving prayer from the heart, ... continue reading
by Catholic Online
- St. Olympias: Saint of the Day for Sunday, December 17, 2017
- Indonesia rejects law that would criminalize sex outside of marriage
- Daily Readings for Sunday, December 17, 2017
- Daily Reading for Tuesday, December 19th, 2017 HD Video
- Commission recommends Church end priestly celibacy and confession to ...
- Australia asks Church to end celibacy and confession to fight child ...
- Church reviews possible Catholic hospital mega-merger
- Pope Francis
- saint agnes
- St Anthony
- 10 commandments
- mary magdalene
- Patron saints
- st bernadette
- pope francis
- St. John
- holy spirit
- morning prayer
- Saint Elizabeth
- St. Augustine
- Saint Anne
- st agnes
- saint monica
- saint catherine
- Saint Lucy
- saint clare
- saint rose
- st rose of lima
- Daily Reading for Monday, December 18th, 2017 HD
- Daily Reading for Sunday, December 17th, 2017 HD
- Daily Reading for Saturday, December 16th, 2017 HD
- The Net Neutrality Scam: Get ready to pay a lot more for a lot less HD
Learn about Catholic world
Inform - Inspire - Ignite
Catholic Online Saints
Your saints explained
Catholic Online Prayers
Prayers for every need
Catholic Online Bible
Complete bible online
Catholic Online News
Your news Catholic eye
Today's bible reading
Products and services we offer
Catholic Online Shopping
Catholic medals, gifts & books
The California Network
Inspiring streaming service
Learn the Catholic way