China’s sales of excavators for both domestic and overseas customers for May had rose on year for the third successive month, up 68% on year, as end-users had been booking in anticipation of more construction projects in the coming months, according to the latest statistics from the China Construction Machinery Association (CCMA) on June 9.
Sales among China’s eleven major auto manufacturers declined by a large 19.9% on month or by 13.9% on year to 351,000 units over May 1-10, according to statistics from the China Association of Automobile Manufacturers (CAAM) published on May 13. The decline in sales indicated that actual demand for new vehicles remains soft, Mysteel Global noted.
Metallurgical Corporation of China Ltd (MCC), China’s largest construction and engineering service provider, saw its business model further diversifying from the traditional metallurgical projects in 2019, as the revenue from the sector decreased to 22.5% of the total from the 25.1% for 2018, according to the company’s latest annual report released on April 1.
China has decided to prolong the granting of subsidies on new-energy vehicles (NEVs) as well as the exemption of purchase tax on them by two years to 2022, according to a news video from the official website of China’s State Council broadcast late on March 31. The new policy is to stimulate automobile purchases amid the slowing national economy.
As market had expected, both China’s auto sales and production slumped in February as the COVID-19 hit China’s economy and many industrial sectors hard, and the sales fell 79.1% on year and the production decreased 79.8% on year, the latest release from the China Association of Automobile Manufacturers (CAAM) on March 12 confirmed the dismal.
China’s production of air conditioners, refrigerators and washing machines witnessed rises in 2019, mainly thanks to the stable demand tracking the domestic property market and to increasing demand for China-made appliances from abroad, according to the latest data from China’s National Bureau of Statistics (NBS).
US-headquartered electric car producer Tesla delivered the first ‘Model 3’ cars made at its new factory in East China’s Shanghai to Chinese consumers on January 7, exactly one year after beginning construction on its Gigafactory, a combination car- and battery-making plant, in Shanghai’s Lingang Area.
China’s production of the four major home appliance showed diverged results again in October, with output of air conditioners witnessing a decline of 2.1% on year or by a large 25.3% on month, according to the latest data released by China’s National Bureau of Statistics (NBS).
China’s National Development and Reform Commission (NDRC) has shed more light on a series of subtle and indirect economic stimulus efforts being pondered at its monthly press conference on November 15 in Beijing, and China’s steel market has sourced great support from these, as many of them relate to steel consumption.
1 - 10月份中国汽车销量、产量下滑放缓二零一九年十一月十二日
China’s auto industry posted slower declines in both sales and production up to October compared with the paces over January-September, with the former down 9.7% on year and the latter down 10.4% on year, according to the latest statistics from the China Association of Automobile Manufacturers (CAAM) on November 11.
中国的1 - 10月挖掘机销量创下历史新高二零一九年十一月十二日
国家统计局：中国的1 - 9月空调产量增长6.4％，同比2019年10月23日