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China published a guideline on Thursday on improving the market-based allocation of production factors in a bid to further facilitate their free and orderly flow and stimulate market vitality.
China sold 2.32 million cars in April, up 11.5 percent and total sales this year reached 9.5 million, up 4.8 percent year-on-year, according to CAAM.
China was the largest recipient of foreign direct investment (FDI) in the first half of 2018, according to the the United Nations Conference on Trade and Development (UNCTAD).
China started cutting import tariffs on vehicles and auto parts on July 1, thus potential customers were holding money in June for a better price after July. As the country started to add a 25 percent additional import tariff to vehicles made in the United States on July 6, certain US brands saw a sales increase in June compared with the previous month, Wang said.
China vowed to maintain control over the floodgates of monetary supply and keep liquidity at a reasonable and ample level, according to a statement issued after a meeting of the Political Bureau of the Communist Party of China (CPC) Central Committee in July.
来源：资阳报