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China June Car Sales Rise Despite Pressure to Stabilize Prices

China June Car Sales Rise Despite Pressure to Stabilize Prices

China's auto sales grew sharply in June even as carmakers began reducing inventories amid increased government scrutiny of the industry's pricing practices.
Retail sales of passenger cars rose 18% from a year earlier last month to 2.1 million vehicles, data from the China Passenger Car Association showed Tuesday. Sales of passenger cars increased 7.6% from May.
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