MOTOR vehicle sales in China rose 11.8 percent in October from a year earlier, an industry association said yesterday, boosted by the government’s move to stop the world’s biggest auto market from stalling by halving sales tax on smaller-engine cars.
The stronger-than-expected increase, to 2.2 million vehicles, was the largest year-on-year gain by percentage in any month since December 2014. Sales grew 2.1 percent in September after falling 3 percent in August.
(SD-Agencies)
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