Asian Economic News

China's 2012 Auto Sales Miss Expectations

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.

by RTTNews Staff Writer

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