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


© 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.

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

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