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China

China’s consumption boosting policies contribute to auto market recovery, car sales rebound in June

On June 22, the China Passenger Car Association (CPCA) announced that from June 1 to 19, retail sales of passenger cars in China were 935,000 units, reflecting a year-over-year (y/y) increase of 24.0% (an increase of 42% from the cumulative y/y growth rate of the previous month), and a month-over-month (m/m) increase....

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