China's auto sales in 2014 exceeds 23mln but growth slows

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China's auto sales rose to 23.49 million units in 2014 but registered a sharp slowdown in growth mainly due to restrictions on the sale of new cars in the world's largest auto market. "Autos sales rose 6.9 per cent, or 1.51 million vehicles, to 23.49 million last year, the China Association of Automobile Manufacturers (CAAM) said in a statement.

China remained the world's largest auto market last year up ahead of the US. Vehicle output stood at 23.72 million units last year, up 7.3 per cent year on year, state-run Xinhua news agency reported.

Daily Pioneer
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