Economy
07:50, 03-Feb-2019
China's heavy truck sales remain robust in January
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China's heavy truck manufacturers reported strong sales last month, pointing to continued vitality in the broader economy.
Some 96,000 heavy-duty trucks were sold in January in China, up 16 percent from a month ago, according to cvworld.cn, an auto industry information service provider.
The performance was satisfactory as it remained high and notched the second-best January in recent years, although moderating from the same period a year ago.
Heavy truck sales are highly related to the economic climate in China and usually in line with major economic indicators, such as the purchasing managers' index (PMI).
The manufacturing PMI came in at 49.5 in January, slightly up from 49.4 in December, the National Bureau of Statistics said earlier this week.
Analysts believe a stable economy, truck upgrades of transport companies and stricter environmental rules contributed to the vigorous heavy truck market.
Source(s): Xinhua News Agency