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Japanese car sales in China rocket 72% in November
Japanese passenger car sales in China soared 72.2% in November, an industry group said Monday, after demand slumped in a furious territorial row between the world’s second- and third-biggest economies. The China Association of Automobile Manufacturers (CAAM) said the month-on-month rise came after falls of 29.5% in September and 38.2% in October—but Japanese sales were still 36.1% down on November 2011. “Compared with October, sales of Japanese passenger cars started to have clear increase last month,” it said in a statement, without giving an absolute figure. Overall vehicle sales in China—the world’s ... (full story)