Ideas emerge for boosting car sales in China after 2 - leatherbiz: Lea Leatherbiz

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Ideas emerge for boosting car sales in China after 2018 disappointment

06/02/2019
Ideas emerge for boosting car sales in China after 2018 disappointment
China’s National Development and Reform Commission (NDRC), an economic planning body, has announced a series of measures that it says will encourage consumers to buy cars in bigger volumes in 2019 than last year.

Full-year figures for 2018 showed sales of 28.1 million passenger and commercial vehicles in China, a decline compared to the previous year of 2.8%. This was the car industry’s first fall in sales figures in China in 28 years.

NDRC suggestions for boosting sales include faster roll-out of 5G networks to allow mobile connections to the internet. It has also said the government will consider tax reductions on sales of second-hand cars and subsidies for new vehicles that run on cleaner energy.

Image: Great Wall Motors


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