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Chinese car sales bounce back
February 9, 2018, 11:12 am

People wearing breathing masks are seen on a pedestrian bridge in downtown Beijing, capital of China, Feb. 22, 2014 [Xinhua]

Sales of Chinese cars increased 11.6 per cent year on year, the China Association of Automobile Manufacturers (CAAM) said Friday.

CAAM says the two-digit jump happened because of reduces sales between 2016 and 2017 when the government introduced new policie and sales tax mechanisms.

But the Chinese car manufacturing industry is now focused on new energy vehicles (NEVs) as a part to reduce the impact on the environment.

The government says 38,000 NEVs were sold this past January.

China is planning to drastically raise the number of new-energy vehicles it produces in order to hit two million by 2020, Industry and Information Technology Minister previously said Miao Wei.

The government hopes that by 2025, at least one in every five cars sold in China will be a new energy model.

This would quadruple the number the number of new-energy vehicles produced.

In 2016, the country produced over half a million new energy vehicles and sold over one million, local media reported citing the ministry.

China has for years struggled to curb heavy air-pollution in the capital, caused by high-emission vehicles.

Beijing will also ban high-emission vehicles, Chinese officials have said.

According to the Chinese capital’s newly revised extreme weather emergency response mechanism which began in December, these vehicles will be restricted from roads when the city issues red or orange smog alerts – the city’s two most serious weather and pollution alerts.

The BRICS Post with inputs from Agencies

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