Retail sales of sedans, sport utility vehicles, minivans and multipurpose vehicles rose 4.9 per cent to 1.8 million units in June from a year earlier in the world’s biggest market, according to preliminary numbers from the China Passenger Car Association on Monday. Photo: AFP

China car sales in June rise for the first time in over a year due to discounts, association says

  • Retail sales of sedans, sport utility vehicles, minivans and multipurpose vehicles rose 4.9 per cent to 1.8 million units in June from a year earlier
  • Prices cut by as much as 50 per cent, according to local media reports, to clear inventories of cars that do not meet new stricter emission standards
Topic |   China economy

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Retail sales of sedans, sport utility vehicles, minivans and multipurpose vehicles rose 4.9 per cent to 1.8 million units in June from a year earlier in the world’s biggest market, according to preliminary numbers from the China Passenger Car Association on Monday. Photo: AFP
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The study came just a week after Chinese President Xi Jinping and US President Donald Trump agreed to resume talks to resolve the trade war and refrain from imposing any further tariffs. Photo: Reuters

China should promote yuan’s globalisation through cooperation not conflict with US dollar, report says

  • Beijing should sign a free-trade deal with Britain as soon as possible and push for better trade and investment cooperation with the EU, Renmin University says
  • Promoting global trade will help stimulate use of yuan around the world, experts say
Topic |   China economy

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The study came just a week after Chinese President Xi Jinping and US President Donald Trump agreed to resume talks to resolve the trade war and refrain from imposing any further tariffs. Photo: Reuters
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