Economy
China's auto sales top 2.9M units in first two months
(Xinhua)
Updated: 2010-03-09 20:57
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BEIJING - China's auto sales maintained steady growth in the first two months of 2010, buoyed by the nation's car purchase incentives and strong demand brought by the week-long Spring Festival holidays.
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China, the world's largest auto market, adjusted the auto tax-cut policy and old-for-new program in January this year, to boost domestic consumption.
Ministry of Commerce said in February that the favorable policies for car purchasing had paid off, with a significant rise in the number of subsidy applications.
Dong Yang, the first deputy director of the CAAM, urged the nation's automobile industry to properly handle the relationship between improving product quality and maintaining fast development.
