Briefly

NEV output, sales surge in first 9 months

China's new energy vehicle sector maintained strong momentum in production and sales in the first nine months of the year, according to industry data. NEV production jumped 35.2 percent year-on-year to 11.24 million units during the first three quarters, as reported by the China Association of Automobile Manufacturers. Sales during the same period climbed 34.9 percent year-on-year to nearly 11.23 million units, accounting for 46.1 percent of total vehicle sales in China, CAAM data showed. According to the CAAM data, China's auto industry maintained robust production and sales during the period, driven by trade-in programs, local auto shows, and extensive new product launches.

Logistics sector sees continued expansion

China's logistics sector revealed continued expansion in business activities in September, according to the latest data released by the China Federation of Logistics and Purchasing. The index tracking the country's logistics market, an indicator of economic vitality, stood at 51.2 percent in September, up 0.3 percentage point from the previous month. The data for September also showed that logistics activities have remained in the expansion zone for seven consecutive months, the federation said.

Xinhua - China Daily