China's auto recovery speeds up in May

China’s auto output and sales experienced double-digit growth in May amid government efforts to jumpstart the economy after containing the spread of Covid-19 in the country, the China Association of Automobile Manufacturers (CAAM) reported on Thursday.

The country produced 2.19 million units of vehicles in May, up by 18.2% from a year earlier. This is also 4% higher than in April. Auto sales totaled 2.19 million units last month, up by 14.5% year on year and 5.9% higher month on month. The CAAM attributed the growth to the Chinese government’s efforts to encourage the resumption of work and boost consumption, which helped raise demand among auto...

Published

Miranda Song

June 12, 2020

05:59 GMT

Shanghai