Guideline to improve processing trade

Chinese authorities have rolled out a guideline to improve the development of the processing trade. The guideline, released by the Ministry of Commerce and nine other government departments, puts forward 12 measures across six categories, involving efforts to encourage the processing and trade of high-value-added products, and provide improved financial and tax support for the processing trade.

Chery achieves 52.6%sales growth in 2023

Chinese automaker Chery Holding Group Co Ltd reported strong sales in 2023, according to the company's sales report. The company sold over 1.88 million vehicles in 2023, up 52.6 percent year-on-year. Among total sales, exports surged to 937,148 units, up 101.1 percent. In December alone, Chery sold 215,690 vehicles, achieving a month-on-month sales growth throughout the entire year.