ECONOMY

Car Sales

Some 1.82 million passenger cars were sold nationwide via retail channels in July, up 20.4 percent year on year, data from the China Passenger Car Association showed.

Production of passenger vehicles amounted to 2.16 million units in the month, surging 41.6 percent year on year.

The improving logistics and supply chains, increased business activity, the country’s raft of proconsumption measures, among other factors, all contributed to the auto market expansion, the association said.

China in late May announced it would halve the car purchase tax for passenger vehicles priced at 300,000 yuan ($44,389) or less and with 2-liter engines