In October, the sales and production enjoyed a remarkable growth comparing with that of last month. Such figures also picked up significantly on a yearly basis, especially for the sales volume. Undoubtedly, the new policy that halving the purchase tax on passenger cars with engine capacity of 1.6L and below had strongly promoted this month’s growth.
        This month, the production and sales of automobiles in China reached 2,188,700 and 2,221,600 units respectively, up 15.5% and 9.7% than that of last month, and up 7.1% and 11.8% year on year. For the first ten months, the production and sales of automobiles were 19,280,300 and 19,278,100 units respectively. The production was slightly higher than the same period of last year, and the sales increased by 1.5%.