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China auto sales increase 20% in Oct

11-11-2013 16:34 BJT

China's car sales climbed 20 percent last month on a yearly basis, mainly due to a rebound in demand for Japanese cars.

Data released by the China Association of Automobile Manufacturers shows wholesale deliveries of cars climbed to 1.6 million units in October, higher than the 1.5 million forecast.

Analysts say the perk in China's economy in the fourth quarter ushered the car-sales rebound. Japanese car producers such as Toyota and Honda saw a big sales spike as China's anti-Japan sentiment cooled down.

 

Editor:James |Source: CCTV.com

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