CHINA-ECONOMY: AUTOMOBILE SALES UP IN CHINA
According to data released by the China Association of Automobile Manufacturers (CAAM) on February 9, China vehicle sales rose 29.5% in January, aided partly by the Lunar New Year, as the market continued to rebound from a period of weakness exacerbated by the Covid-19 pandemic in the first half of 2020. Some 2.5 million vehicles were sold in China in the first month of 2021.
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