China's automobile sales missed official estimate in 2012 due to anti-congestion measures adopted by the government and low imports from Japan on territorial dispute.
Auto sales grew 4.3 percent in 2012, which was much below the official estimate of 8 percent growth, data from the China Association of Automobile Manufacturers showed Friday.
The industry group forecast a 7 percent rise in auto sales this year to 15.5 million units. At the same time, passenger car sales are seen rising 8.5 percent.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.