Business News Asia
The China Association of Automobile Manufacturers (CAAM) reported that China’s auto exports increased 75% year-on-year in the first two months of 2022.
CAAM reported that car exports during the period totaled 412,000 units, with passenger cars increasing 84% year-on-year to 331,000.
In February, Chinese automakers exported 180,000 vehicles, 21.9% fewer than in the previous month. Compared to the same month last year, this represents an increase of 60.8%.
China’s auto exports doubled year-on-year to 2.02 million units in 2021, while exports of new energy vehicles tripled year-on-year to 310,000 units.
The People’s Bank of China (PBOC) reported that China’s financial institutions saw a year-on-year increase in assets and liabilities at the end of 2021.
The PBOC reported that Chinese financial institutions held a total of 381.95 trillion yuan in assets, up 8.1% year-on-year.
The assets of Chinese banking institutions increased by 7.8%, those of securities firms by 21.2%, and those of insurance companies by 6.8% year-on-year to 24.89 trillion yuan.
The total liabilities of Chinese financial institutions increased by 7.9% year-on-year to 346.58 trillion yuan at the end of 2021.