Vehicle sales post meager growth in Nov

Vehicle sales posted a meager 0.7 percent year-on-year growth in China during November to 2.96 million units, according to data released by the China Association of Automobile Manufacturers on Monday.

Car sales in the first 11 months of the year totaled 25.85 million units, a 3.6 percent growth from a year ago. Although a decent figure if put in the global context, the growth rate is 10.5 percentage points lower than the year-on-year growth figure for January to November 2016.

Xu Haidong, an assistant to the CAAM's secretary-general, said the overall sales growth this year would "definitely fall to below 4 percent", beating the organization's estimate of 5 percent growth at the start of the year.