China Sales News

Automobile sales and output in China both hit record highs in November as demand continued to soar after the government halved vehicle purchase tax in the world's largest auto market, industry data showed on Thursday.  

A bigger-than-expected slide in China`s imports in May strengthened expectations more policy stimulus may be needed to avert a sharp slowdown in the world`s second-largest economy.

The Ministry of Finance said in a statement on Monday it would lower import taxes for some products starting from June 1 by an average of over 50 percent as an "important measure to create stable growth and push forward structural reform".

The Ministry of Finance said in a statement on Monday it would lower import taxes for some products starting from June 1 by an average of over 50 percent as an "important measure to create stable growth and push forward structural reform".

Retail sales likely grew at their slowest pace in about 3-1/2 years in September, rising 11.7 percent from a year ago, a Reuters poll of economists showed.