Briefly

Auto sales up 30% to 2.42m units in July

China's auto sales in July rose nearly 30 percent year-on-year to 2.42 million units, data from the China Association of Automobile Manufacturers showed on Thursday. Auto sales in the January-July period totaled 14.48 million units, down 2 percent year-on-year. In July alone, sales of passenger vehicles soared 40 percent year-on-year to 2.17 million units.

Retail sector maintains recovery steam

China's retail sector continued its recovery in July, with market confidence for future business staying at a stable level, an industry survey showed. The index tracking the retail sector's operation climbed 0.8 percentage point over June to 49.8 percent in July, according to the China General Chamber of Commerce. The China Retail Performance Index, the commerce chamber's other indicator gauging market confidence, stood at 50.2 percent for its August reading, staying flat in July. The expectation for consumption recovery is stable thanks to efficient COVID-19 prevention and control policies and pro-consumption measures, the commerce chamber said.

Xinhua - China Daily