China – Mar Auto Sales
12/04/2019 07:45 pm MYT
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Total vehicle sales in Mar surged 70.09%, month-on-month, but fell 5.18%, year-on-year, to 2.52 mln units – see table 1. Passenger car sales soared 65.6%, month-on-month, but fell 6.88%, year-on-year. Commercial vehicle sales also surged 90.98%, month-on-month, and rose 2.36%, year-on-year – see figure 1. As some of the factors causing auto sales to contract in 2018 have faded, car sales should improve in the coming months.

Note from Publisher
More than 1,000 people attended the 2018/2019 Global Investor Week last weekend. For those who participated in the entire programme, it was not only a fruitful and enjoyable weekend, but a memorable one too. For the past one week, we have been receiving thank you messages from participants. Some thanked us for organising such a wonderful event as they have gained tremendous insights and benefited immensely from the talks given by the various experts. Some expressed appreciation for the hard work we put in over the weekend. Others conveyed their gratitude for the wonderful time they had during the Appreciation Concert. We are greatly encouraged and touched by the gracious messages from the participants of the 2018/2019 Global Investor Week. They provided us with greater motivation to organize an even more productive Global Investor Week next year. We thank everyone for their continued support as we continue our Antarctica journey.

Meanwhile, the Chinese economy appears to have bottomed out, removing a major worry of the global economy. Given that China contributed to about 30% of the global economic growth, a strong Chinese economy is extremely important to global stability as it will pull up many economies, including Malaysia.
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