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Automobile sales dropped by 2.93 percent year-on-year to less than 22,000 units in Nantong, Jiangsu province, in January.
However, their combined sales value rose to 3 billion yuan ($481 million) in total, a 3.23 percent growth compared with the same period last year.
Of the city’s six districts and counties, Tongzhou district was the only one that saw growth in vehicle purchase tax in the period.
Due to reforms for government cars and the sluggish climate, the auto sales market is now a buyer’s one, industrial insiders said.
The NETDA Free Trade Zone got the original go-ahead, on Jan 3, 2013, from the State Council, for a 5.29-sq-km area, in two parts.
Suzhou-Nantong science & technology industrial park
Equipment manufacturing industrial park
Urban-rural commercial zone
Nengda central business district
New materials industrial park
Medical treatment & health industrial park
Sci-tech industrial park
Precision machinery industrial park
Nantong museum designs blue calico sheep mascots
Intangible cultural heritage show opens in Nantong City
Nantong: major producer of indigo print fabric
World's largest pier caisson floated successfully in Nantong
Lotus blossoms in Nengda Central Park
