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Stimulus Funds * China - Boosts June car sales 47.7 pct
Beijing,China -Reuters, by Fang Yan and Kirby Chien. Editing by Lincoln Feast -Jul 9, 2009: -- China's passenger car sales in June rose 47.7 percent from a year earlier as government stimulus measures boosted consumption, the China Association of Automobile Manufacturers said on Thursday... Growth in China's vehicle market, the world's largest, slowed in 2008 to its lowest annual rate in more than a decade as the global financial crisis took its toll... Demand has rebounded since February, helped by government supportive measures, including halving the sales tax on small cars and subsidies for buyers in rural areas... Overall vehicle sales, including trucks and buses, rose 36.5 percent in June from a year earlier to 1.14 million units, the association said, compared with a 34.02 percent gain in May... (Photo from graphics8.nytimes.com, pt7 art trucks: Every night, columns of hulking freight trucks invade China’s major cities with a reverberating roar and dark clouds of diesel exhaust so thick it dims headlights)
Labels: governments stimulus funds
posted by Unknown @ 12:18 PM
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