BEIJING (Xinhua): China will endeavour to stabilise new car sales, loosen purchase restrictions in certain cities and invigorate the used-car market in a bid to unleash the consumption potential for cars, an official said Thursday (April 2).
As a pillar of the national economy, the auto industry plays a crucial role in boosting domestic consumption and facilitating consumption upgrades, Wang Bin, deputy director of the Department of Market Operation and Consumption Promotion of the Ministry of Commerce, said at an online press conference.
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