In 2017, China automotive industry faced some pressures. On one hand, the preferential reduction on purchase tax made the passenger cars of overdrafts in 2016. On the other hand, the adjustment of NEV policies affected its sales on the first half. Generally speaking, though below the expected 5%, the growth was on a high base. The whole industry was still in a good running, with which a steady growth could be seen.
¡¡¡¡This year, the production and sales of automobiles were 29,015,000 and 28,879,000 units respectively, up 3.2% and 3% year on year, 11.3 percentage points and 10.6 percentage points lower than the same period last year.