China says to stabilise, expand automotive industry consumption

China says to stabilise, expand automotive industry consumption
FILE PHOTO: Employees work on the production line during an organised media tour to a factory of Beijing Benz Automotive Co (BBAC), a joint venture by BAIC Motor and Mercedes-Benz, in Beijing, China February 17, 2022. REUTERS/Florence

China will take steps to stablise and expand consumption in its automotive industry, a commerce ministry spokesperson said on Friday.

Despite COVID-related pressures on consumption in the industry, it is expected to continue to grow into 2023, the spokesperson added.

 

Source: Reuters