Briefly

Passenger car sector reports strong growth

China's passenger car sector recorded double-digit growth in retail sales in June as the country's policies to boost consumption continued to take effect, the China Passenger Car Association said. Last month, retail sales of passenger cars in China grew by 18.1 percent year-on-year to exceed 2.08 million units, data from the CPCA showed. The association attributed the strong increase to the impact of the national consumer goods trade-in program.

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