The expansion was 3 pp above the country’s general manufacturing sector; Data is from the China Association of Automobile Manufacturers

China’s automobile manufacturing industry recorded strong expansion in the 1st quarter of this year. The sector’s industrial added value increased by 9.7% compared to the previous year. It was 3 percentage points more than the value added of China’s overall manufacturing sector.

The data is from the China Association of Automobile Manufacturers.

The combined operating income of the Chinese automotive sector reached 2.25 trillion yuan ($316.85 billion), an increase of 6.2 percent over the same period last year. Total corporate profits jumped 32% year on year to 103.95 billion yuan.

With information from Xinhua.


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