Cars China automobile revenue, profit most likely flat this calendar...

China automobile revenue, profit most likely flat this calendar year, formal claims – Reuters

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FILE Photo: Freshly produced cars are seen at a port in Dalian, Liaoning province, China April ten, 2020. China Day by day by way of REUTERS

TIANJIN, China (Reuters) – China’s auto industry will likely keep continual revenues and gains this calendar year even with slight declines in production and auto profits, a govt official explained on Saturday, as the world’s largest motor vehicle marketplace recovers from the impression of COVID-19,

Cai Ronghua, senior official at Countrywide Reform and Advancement Commission, designed the remarks to an industry convention hosted by China Automotive Technological know-how and Investigate Centre in Tianjin.

China’s car profits, the world’s biggest, have been recovering given that April after the pandemic strike the market place really hard early in the yr.

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