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The volume of cars sold in China has increased in July by 26% compared to the previous year.
According to data released today by the China Association of Automobile Manufacturers, the volume of cars sold in China has increased by 26% compared to the same month last year. Chinese and foreign automakers sold 1.6 million passenger cars vs 1.27 million vehicles in July last year, demonstrating the fastest growth rate since 2013. Experts point out that the tax measures have contributed to this. After the fall of auto sales in October, the government in Beijing halved the purchase tax on small cars to 5%.
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