Car sales in China rose by 7% in the first quarter of 2017 - by AMarkets materials.
This growth rate is the highest since January 2014.
Many industry participants feared that the sale will not be strong enough in the first three months of 2017 due to the fact that the government abolished the tax cut on small cars on January 1st.
However, growth was ahead of forecasts of the Association of Chinese auto industry in the first quarter (CAAM), it is assumed that car sales will increase by 5% in early 2017.
It is expected that this is only the initial stage of growth of sales and the percentage will increase from quarter to quarter.
