China may issue new policies to stimulate auto demand: vice industry minister

0
33

© Reuters. Vehicle drive past a traffic policeman on the Second Ring Road in Beijing

BEIJING (Reuters) – may issue new policies to stimulate for automobiles, with the country’s auto industry still facing difficulties, Xin Guobin, vice minister of industry and information technology, said on Monday.

There is still not enough demand for autos, Xin told reporters, as the outbreak of the has dramatically cut private consumption.

Autos account for a big portion of China’s overall industrial production, and are the main driver of the country’s retail sales.

Article continues below Advertisement...

China is also working to help its auto spare parts manufacturers resolve problems, Xin said.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (, indexes, ) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest forms possible.

Source: Investing.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here