September 19, 2024

China car industry records growth during H1 2023

Data from the China Association of Automobile Manufacturers show that the car manufacturing sector recorded steady growth during the first half of 2023. The Xinhua News Agency quoted the Chinese Association Sunday as saying that the industrial added value of the car sector rose 13.1 per cent year on year during the first half of 2023, and the growth rate was 8.9 percentage points higher than the growth rate of the entire manufacturing industry in the country. The data showed that the combined business revenues of companies in the car industry rose 13.1 per cent year on year to $625.45 billion.

Source: Jordan News Agency