Car sales in China rose 61.46% year on year in February to 344,500 units, the country’s official industry association said, according to Reuters.
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Sales of vehicles of all types rose 50.66% to 480,000 units in February according to official data provided by the China Association of Automobile Manufacturers cited by the news agency.
Reuters noted that car sales in China grew 21.4% to 3.97 million units in 2005 and sales rose just 15% in 2004 after almost doubling in 2003, hit by government-ordered steps to tighten credit to cool an economy in danger of overheating.
