Car sales in China rise 48 percent

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Car sales in China rose 48% in June from a year ago, boosted by government incentives and the continuing resilience of the country’s economy.

Sales hit 872,900 vehicles last month, the biggest increase since February 2006, said the China Association of Automobile Manufacturers.

Chinese car sales are continuing to benefit from cuts in sales tax, and subsidies to trade in older vehicles.

It comes as the wider China economy continues to grow at more than 6%.

The most recent official data showed that the economy expanded at an annual rate of 6.1% in the first three months of 2009, a slight slowdown from 6.8% in the final three months of 2008, against the backdrop of the global recession.

Source: BBC News