Auto sales in China, the world’s largest car market, rose in April for the first time in 21 months, in a sign of recovery spurred by government stimulus for the struggling sector.
Automobile sales in April, driven mostly by commercial vehicle sales, rose by 4.4 per cent year-on-year, the first time since 2018 the sector has notched growth, China Association of Automobile Manufacturers (Caam) said.
The Covid-19 pandemic plunged sales in February and March to 79 and 43 per cent of 2019 levels respectively. That set China on course for a third consecutive year of shrinking annual sales, Caam estimates.
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