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Passenger vehicle market sees strong growth in July

China's passenger car market continued to see robust sales growth in July thanks to a boost in consumer sentiment and restored production, according to a report released on Wednesday. Some 1.77 million passenger cars were sold via retail channels last month, up 17 percent year-on-year, initial statistics showed in the report by the China Passenger Car Association. Wholesales of passenger cars came in at 2.12 million units in July, up 40 percent year-on-year. Car sales maintained relatively high growth, as pro-consumption measures effectively bolstered market confidence and vehicle production basically returned to normalcy after sporadic COVID-19 resurgences were contained, the report noted.

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