China Car Sales Post First Weekly Rise Since Virus Outbreak
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China’s retail sales of passenger cars in the week of April 7-12 rose 14% from a year earlier, marking the first weekly rise reported since the coronavirus outbreak, data from the China Passenger Car Association (CPCA) showed.
The coronavirus crisis likely knocked China’s economy into its first decline since at least 1992 in the first quarter, raising the pressure on authorities to do more to restore growth as mounting job losses threaten social stability.
Sales for the first 12 days of the month were down 12% the CPCA data showed
Questions & Answers
Q.When did China's passenger car retail sales show their first weekly increase since the virus outbreak?
When did China's passenger car retail sales show their first weekly increase since the virus outbreak?
The first weekly rise in retail sales of passenger cars in China since the coronavirus outbreak occurred in the week of April 7-12, according to CPCA data. Sales rose 14% compared to the same period last year.
Q.How did passenger car sales perform in the first 12 days of April?
How did passenger car sales perform in the first 12 days of April?
Sales of passenger cars for the first 12 days of April were down by 12% compared to the same period last year. This figure is based on data provided by the China Passenger Car Association.