<?xml version="1.0" encoding="UTF-8"?>
<rss xmlns:media="http://search.yahoo.com/mrss/" xmlns:content="http://purl.org/rss/1.0/modules/content/" version="2.0">
  <channel>
    <title>Business Recorder - Business &amp; Finance - Industry</title>
    <link>https://www.brecorder.com/</link>
    <description>Business Recorder</description>
    <language>en-Us</language>
    <copyright>Copyright 2026</copyright>
    <pubDate>Fri, 14 Aug 2026 01:35:03 +0500</pubDate>
    <lastBuildDate>Fri, 14 Aug 2026 01:35:03 +0500</lastBuildDate>
    <ttl>60</ttl>
    <item xmlns:default="http://purl.org/rss/1.0/modules/content/">
      <title>China's auto sales hit new high in January</title>
      <link>https://www.brecorder.com/news/3442/chinas-auto-sales-hit-new-high-in-january</link>
      <description>&lt;p class="MsoPlainText"&gt;&lt;img style="margin-right: 10px; float: left;" alt=" " src="https://i.brecorder.com/images/stories/china_400.jpg" width="400" height="225" /&gt;BEIJING: Auto sales in China, the world's largest car market, hit a monthly record of 1.89 million in January, data from an industry group showed Friday.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Sales last month rose 13.81 percent year on year, the China Association of Automobile Manufacturers said on its website.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Around 1.53 million passenger cars were sold over the months, up 16.17 percent year on year, it said, while sales of commercial vehicles rose 4.89 percent to around 365,000.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Analysts attributed the bigger-than-expected growth to strong consumer spending and surging industrial demand for cars as China's economy continues to see blistering expansion.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;"General consumer spending is expected to remain strong," Xia Ping, a Shanghai-based analyst with securities firm Core Pacific-Yamaichi, told AFP.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;"Sales in large heavy vehicles increased rapidly in January partly due to infrastructure construction within China and rising transportation demand amid the country's economic recovery."&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;&lt;Center /&gt;&lt;b&gt;&lt;i&gt;Copyright AFP (Agence France-Presse), 2011&lt;/b&gt;&lt;/i&gt;&lt;/center&gt;&lt;/p&gt;
</description>
      <content:encoded xmlns="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p class="MsoPlainText"><img style="margin-right: 10px; float: left;" alt=" " src="https://i.brecorder.com/images/stories/china_400.jpg" width="400" height="225" />BEIJING: Auto sales in China, the world's largest car market, hit a monthly record of 1.89 million in January, data from an industry group showed Friday.</p>
<p class="MsoPlainText">Sales last month rose 13.81 percent year on year, the China Association of Automobile Manufacturers said on its website.</p>
<p class="MsoPlainText">Around 1.53 million passenger cars were sold over the months, up 16.17 percent year on year, it said, while sales of commercial vehicles rose 4.89 percent to around 365,000.</p>
<p class="MsoPlainText">Analysts attributed the bigger-than-expected growth to strong consumer spending and surging industrial demand for cars as China's economy continues to see blistering expansion.</p>
<p class="MsoPlainText">"General consumer spending is expected to remain strong," Xia Ping, a Shanghai-based analyst with securities firm Core Pacific-Yamaichi, told AFP.</p>
<p class="MsoPlainText">"Sales in large heavy vehicles increased rapidly in January partly due to infrastructure construction within China and rising transportation demand amid the country's economic recovery."</p>
<p class="MsoPlainText"><Center /><b><i>Copyright AFP (Agence France-Presse), 2011</b></i></center></p>
]]></content:encoded>
      <category>Business &amp; Finance</category>
      <guid>https://www.brecorder.com/news/3442</guid>
      <pubDate>Fri, 18 Feb 2011 10:19:53 +0500</pubDate>
      <author>none@none.com (Babar Malik)</author>
    </item>
  </channel>
</rss>
