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China Vehicle Sales Seen Rising: Daily

CHINA PRESS

China's vehicle sales are forecast to surge over the rest of the year as holidays and promotions starting in September attract more buyers, the Economic Information Daily reported. Both sales and production volumes in August rose for the fifth month, with sales gaining 11.6% y/y and production up 6.3% y/y, the newspaper said citing data from the China Association of Automobile Manufacturers. China's ongoing recovery from the coronavirus and stronger growth are supporting the auto industry, the Daily said citing Industrial Securities.

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