Chinese shares rallied after a private gauge of China's services sector showed a strong October reading, adding to recent signs that ... stimulus push. New home sales rose 0.9% year-over-year ...
The sales deal with Sinopec comes within the strategic cooperation agreement inked earlier this year between the two companies during Chinese President Xi Jinping’s state visit to France.
The sales figures reflected the increasing popularity of hybrid electric vehicles and the slowing growth of fully battery electric vehicles (BEV) in the world’s largest auto market.