China's passenger car industry sees stable growth in January

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China's passenger car industry sees stable growth in January

China’s passenger car industry maintained steady growth in both output and sales in January, industry data showed on Wednesday. Last month, the passenger car output logged a year-on-year increase of 3.3 percent to stand at 2.15 million units, while its sales ticked up 0.8 percent to 2.13 million units, according to the China Association of Automobile Manufacturers. In a breakdown, multi-purpose vehicles rose by double digits from the same period…