Briefly

Passenger, cargo transport expands

China's transport industry maintained expansion in July as the passenger and cargo transport volume posted growth from the same period last year, industry data showed. The China Transportation Services Index stood at 170.6 points last month, up 8.7 percent year-on-year, according to the China Academy of Transportation Sciences. The sub-index for cargo transport reached 193.6 points in July, up 4.2 percent year-on-year.

Used vehicle sales up 46% in Jan-July

China's pre-owned automobile sales posted strong growth in the first seven months of this year, data from the Ministry of Commerce showed. During the January-July period, sales of pre-owned vehicles surged by 46 percent year-on-year to over 9.89 million units, the ministry said. The figure represents an increase of 22.5 percent from the same period in 2019. In July alone, sales of pre-owned vehicles rose by 15.7 percent year-on-year to nearly 1.46 million units. Data from the ministry also showed that China's new energy vehicle sales reached nearly 1.48 million units, surpassing the total sales registered last year.

Xinhua - China Daily