China's auto recovery speeds up in May

June 13, 2020 / www.metalbulletin.com / Article Link

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...

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