Business Uncategorized

China vehicles sales rise in fourth consecutive month

BEIJING – China’s vehicles sales rose in September for the fourth consecutive month, an industry body said on Thursday, underscoring growing momentum in the world’s largest auto market after a slower start to the year.

Overall sales touched 2.71 million vehicles in September, up 5.7 percent from a year ago, data from the China Association of Automobile Manufacturers (CAAM) showed. That took year-to-date sales to 20.2 million vehicles, up 4.5 percent.

In January, CAAM predicted sales would rise 5 percent this year, slowing from 13.7 percent in 2016, citing the scaling back of a tax incentive for small-engine vehicles as well as economic pressure.

Recent sales have been relatively strong – growing 5.3 percent in August, 6.2 percent in July and 4.5 in June – underpinned by stronger overall economic growth and increased incentives for buyers, market watchers said.

CPEC is good strategic option for prosperity

KARACHI: Former president of the State Bank of Pakistan Dr Ishrat Hussain saidy that the China Pakistan Economic Corridor is a good strategic option for prosperity.

Delivering a talk on “Economy of Pakistan; past and future” at a day-long seminar on Interplay of Economy and Security, he discussed three possible scenarios: optimistic, pessimistic and emerging through.

He also highlighted the wastage of civil resources. “Anything new is glamorous and attractive but because of poor maintenance and indifference, operation of existing policies bring lots of losses in the country,” he said