Briefly

NEV sales soar in first seven months

Sales of new energy vehicles in China more than doubled in the first seven months of the year as production and demand continued to recover, data from the China Association of Automobile Manufacturers showed on Wednesday. In the January-July period, NEV sales totaled nearly 1.48 million units, double the figure from the same period last year, the CAAM data show. NEV sales in China jumped to 271,000 units in July, up 160 percent year-on-year, while the country's NEV output surged 170 percent to 284,000 units.

Warehouse storage sector contracts

China's warehouse storage sector contracted in July, industry data showed. The index tracking the sector's development fell 4.1 percentage points from June to 49.1 percent in July, according to a survey jointly released by the China Federation of Logistics and Purchasing and CMST Development Co Ltd. It was the first time in the last four months the sector fell into the contraction zone. A reading above 50 percent indicates expansion, while one below 50 reflects contraction.

Xinhua - China Daily