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As the economy goes, so goes the heavy-duty truck market

The surprising rebound of the heavy-duty truck market so far this year is not so surprising after all considering the tried and true factor that either makes or breaks the market: the economy. Heavy-duty truck sales jumped 24 percent year-on-year in May to 64,000 units, the fourth consecutive month of

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Parliament members discuss auto industry reform at annual meeting

Senior automotive executives and officials who are members of China’s parliament, the National People’s Congress (NPC)and the Chinese People’s Political Consultative Conference (CPPCC), put forward a variety of legislative proposals and suggestions related to China’s auto industry during the annual session in Beijing last week. The following is a summary

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Heavy-duty truck industry to see more stable development in future

China’s Central Bank announced on June 16 that the deposit reserve ratio for commercial banks that satisfy prudent operation requirements and has certain percentage in offering loans to support “three rural” development (agriculture, farmer and rural area) and small and micro businesses will be reduced by 0.5 percentage point. This

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