MOC: Auto demand in China rebounds in late February 

Friday, 06 March 2020 11:56:11 (GMT+3)   |   Shanghai
       

With prevention and control of the coronavirus gradually presenting a sustained good trend, positive changes have been observed in the operation of the national consumer market and market sales have bottomed up, China’s Ministry of Commerce (MOC) stated in an online press release on March 5.

Accordingly, the overall average daily sales volume of 1,000 monitored key retail enterprises in China was up 5.6 percent as of February 29 compared to February 20, starting to shift into the positive growth following negative growths recorded in late January, early February and mid-February. 

In particular, the demand for automobiles indicated an obvious rebound, up by 14.8 percent in late February compared to mid-February.

The MOC said the effective control of coronavirus, the acceleration of the resumption of production and the gradual release of demand contributed to the rebound of sales volumes. 


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