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here has been structural overcapacity in the automobile industry in China, according to Chinese authorities. In 2015, production capacity of 37 leading automakers, of which production has accounted for 99% of the Chinese market, is expected to be 31.22 million units, including 25.75 million units of passenger vehicles, of which the utilization rate is 81%, and 5.47 million units of commercial vehicles, of which the utilization rate is only 52%.
Aug. 9 , 2016Gasgoo.com (Shanghai) - Over 10.65 million passenger automobiles have been sold in China over the first six months of the year, as China Passenger Car Association sales statistics compiled by Gasgoo.com (Chinese) show. That figure represents year-on-year growth of 11.6%.
Aug. 4 , 2016Analysts believe China may cut the price of refined oil on Friday in response to a drop in global prices of crude oil. The decrease in price of refined oil is expected to be between 190 RMB yuan and 210 RMB yuan per ton.
Aug. 4 , 2016GM published its global performance report recently, which shows its net profits for ordinary shareholders reaches USD 2.9b during 2016 Q2, increasing 157% with USD 1.1b in the same period of last year.
Aug. 4 , 2016




