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China’s auto sales steadily recover, stimulus introduced

Passenger car sales across China have been recovering steadily during the first three weeks of this month as local governments have introduced stimulus packages to help the industry after car buyers recoiled from purchasing amid the COVID-19 crisis, Mysteel Global has learned.
In the first week of March, daily sales of passenger cars averaged 16,700 units, down 57% on year, according to the latest data from the China Passenger Car Association (CPCA) published on March 25. In the second week, sales increased to 21,700 units, admittedly still down 44% on year, whereas

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