Passenger car sales in China rose 7.3 percent, year on year, to 1.91 million units in September.
According to the China Passenger Vehicle Association data released by Xinhua on Saturday, sales of new energy passenger vehicles in particular have nearly doubled year-on-year, to exceed 125,000 units in September.
The association said, “Those who delayed buying their cars in the first half of the year will return.”
Recent data from the Organization for International Development and Economic Cooperation indicate that the Chinese economy is making progress in getting out of the Corona pandemic, and may grow by 1.8% this year, and thus it will be the only economy among the major economies that will achieve growth this year.
The International Monetary Fund expected, in its annual report last Tuesday, that the Chinese economy will grow by 1.9 percent this year, up 0.9 percentage points from its forecast last June.
Official data issued by the General Administration of Customs of China, on Tuesday, showed that China’s foreign trade increased by 7.5 percent on an annual basis in the third quarter of this year.
On the other hand, the level of public debt in China is also increasing this year, and it is expected to continue its upward path from 2021 to 2025.
Official data in China showed that the size of the country’s external debts amounted to $ 2.13 trillion at the end of the first half of this year, an increase of $ 75.1 billion from the end of 2019, an increase of 3.7%.
Vitor Gaspar, Director of Financial Affairs at the International Monetary Fund, said in remarks to “Xinhua” published yesterday that it is still important for China to manage public debt and public financial risks, and it should strengthen its overall financial framework to deal with “challenges that have become more urgent.” Due to Covid-19 “.
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