Top Insights
Forex
globalreutersJune 12, 20241 Mins read
China’s vehicle sales recovered in May, government subsidies cited as helping
globalreutersJune 12, 20241 Mins read China Passenger Car Association (CPCA) May data:
- vehicle sales +11% m/m (prior -9.4%)
- but -1.9% y/y (prior -5.7%)
Reasons for the m/m climb cited Government subsidies for replacing old cars with new ones:
- 7,000 yuan for updating fuel cars
- 10,000 yuan for new energy vehicles (NEVs)
Much more detail here if you are interested.
Old pic, China is heating up for summer
This article was written by Eamonn Sheridan at www.forexlive.com.
Related Articles
FX Fundies Cheat Sheet for Feb. 24 – 28, 2025
Forex markets face a pivotal week ahead as traders digest potential U.S....
Premium Watchlist Recap: February 17 – 18, 2025
This week our currency strategists focused on the monetary policy statements from...
Here is the TD data center note that has everyone buzzing
AI hype and data-center capex have been major market drivers in the...
Is AMD stock a buy? A buyTheDip consideration at ForexLive.com
AMD Stock before NVDA's quarterly earnings event this week: After the failed...
Leave a comment