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Author: Tronserve admin

Sunday 25th July 2021 05:31 AM

China May Issue New Policies to Stimulate Auto Demand


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BEIJING (Reuters) - China may issue new policies to stimulate demand for automobiles, with the country’s auto industry still facing difficulties, Xin Guobin, vice minister of industry and information technology, said on Monday.

There is still not enough demand for autos, Xin told reporters, as the outbreak of the coronavirus has dramatically cut private consumption.

Autos account for a big portion of China’s overall industrial production, and are the main driver of the country’s retail sales.

China is also working to help its auto spare parts manufacturers resolve cash flow problems, Xin said.


REUTERS




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Posted on : Sunday 25th July 2021 05:31 AM

China May Issue New Policies to Stimulate Auto Demand


none
Posted by  Tronserve admin
image cap

BEIJING (Reuters) - China may issue new policies to stimulate demand for automobiles, with the country’s auto industry still facing difficulties, Xin Guobin, vice minister of industry and information technology, said on Monday.

There is still not enough demand for autos, Xin told reporters, as the outbreak of the coronavirus has dramatically cut private consumption.

Autos account for a big portion of China’s overall industrial production, and are the main driver of the country’s retail sales.

China is also working to help its auto spare parts manufacturers resolve cash flow problems, Xin said.


REUTERS



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coronavirus