May brings joy to car companies

Passenger vehicle sales in China near 1.6m units, highest rate this year

China's passenger vehicle sales accelerated in May with the highest monthly rate this year, indicating further growth in the domestic market this year.

On Tuesday, the China Association of Automobile Manufacturers reported that sales in May were up 8.50 percent from a year earlier, after dipping 4.64 percent from the previous month, as overall sales reached 1.91 million units.