Some 2.46 million passenger cars were sold....>

CHINA: Some 2.46 million passenger cars were sold in November, 10% up from

October and 3.6% higher than a year ago, the China Passenger Car Association

said in a report Friday. The stronger sales reflect relatively strong purchasing

power at the end of the year, the report said. New energy vehicle sales gained

8% on a monthly basis in November to 70,000, the 10th monthly rise this year.

The association said sales in December may not be strong as the same period last

year because the 2.5% tax discount for cars with small-engines available this

year is not as attractive as was the 5% discount available last year. The

association predicted sales for the whole year would rise 2% this year and 4%

next year.