Briefly

Auto sales likely to rise 6.2% in 2022

Consumer demand for motor vehicles in China will likely maintain steady growth in 2022, according to a report from China International Capital Corp. Auto sales are expected to reach 27.22 million units next year, up 6.2 percent. Wholesale sales of passenger cars will grow 8.1 percent to 22.76 million units. Sales of commercial vehicles are expected to fall 2.2 percent to 4.46 million units, the report said. Sales of electric bicycles will likely reach 54 million units, rising almost 15 percent year-on-year.

Telecom sector reports robust revenue growth

China's telecommunications industry registered robust growth in revenue in the first 11 months of this year, official data showed. The combined industrial revenue rose 8.1 percent year-on-year to over 1.35 trillion yuan ($212 billion) in the January-November period, according to the Ministry of Industry and Information Technology. The growth was down 0.1 percentage point from the figure for the January-October period, the data showed. By the end of November, China's three telecom giants－China Telecom, China Mobile and China Unicom－had over 1.64 billion mobile phone users, a net increase of 47.92 million users compared with the end of last year. The number of 5G mobile subscribers reached 497 million, up 298 million from the end of last year, according to the ministry.

Xinhua