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Coronavirus: China vehicle sales reverse 21-month losing streak as infrastructure spending ramps up

Summary:
[unable to retrieve full-text content]China’s vehicle sales bottomed out last month, thanks to strong demand for trucks after the government stepped up its plan for infrastructure investment to boost growth this year.Vehicle sales - for both cars and trucks - grew to 2.07 million units in April, up 4.4 per cent from a year before, ending a 21-month streak of falling sales that started in 2018, according to China Association of Automobile Manufacturers (CAAM).However, vehicle sales in the first four months of the year were still…

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[unable to retrieve full-text content]
China’s vehicle sales bottomed out last month, thanks to strong demand for trucks after the government stepped up its plan for infrastructure investment to boost growth this year.Vehicle sales - for both cars and trucks - grew to 2.07 million units in April, up 4.4 per cent from a year before, ending a 21-month streak of falling sales that started in 2018, according to China Association of Automobile Manufacturers (CAAM).However, vehicle sales in the first four months of the year were still…

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