January 13, 2025 10:04 GMT
MNI BRIEF: China December Vehicle Sales Up 10.5%
MNI (BEIJING) - China sold 3.5 million automobiles in December, up 10.5% y/y, data from the China Association of Automobile Manufacturers showed on Monday.
In 2024, total sales reached 31.4 million units, up 4.5% y/y, with new energy vehicles increasing 35.5% y/y to 12.8 million units.
China should offer to collaborate in boosting American industry as it seeks to stave off U.S. President-elect Donald Trump’s threats of 60% tariffs, but Beijing also needs to prepare for a worst-case scenario of a significant further deterioration in bilateral relations, a prominent economist recently told MNI in an interview. (See MNI INTERVIEW: China Should Offer To Boost US Industry-Advisor)
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