HONG KONG—China’s car sales rose almost 23% in June from a year earlier as production recovered in lockdown-hit Shanghai to meet pent-up demand and government cash incentives stimulated purchases in the world’s biggest auto market.

Sales for passenger cars also rose sharply to 1.94 million in June from 1.35 million vehicles in May, the China Passenger Car Association said Friday, a sign of buyers making up for lost time after falls in recent months caused by pessimism over the economy and social restrictions to fight the pandemic.

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Manson follower Van Houten recommended for parole for fifth time

A California parole board Tuesday recommended the release of convicted murderer Leslie…

Federal appeals court puts FDA ban on Juul e-cigarette sales on hold

A U.S. federal appeals court on Friday put on hold the Food…

Inflation has cooled off dramatically since last summer, but ‘back to normal’ is still a long way off

By one measure, the U.S. economy is already close to slaying the…

War’s ecological impact: Russian warship activity believed to be behind mass dolphin deaths

ISTANBUL — Mass dolphin deaths have scientists worried that pollution from Russia’s war…