ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

China carmakers boosting earnings on government support despite slowdown

Cars made by a joint venture between Hyundai Motor of South Korea and BAIC Motor of China are on display in Guangzhou, Guangdong Province, in April. BAIC Motor incurred a profit fall in 2015, reflecting slower sales of cars by its joint venture partner Hyundai.

BEIJING -- Chinese automakers are enjoying vastly expanded earnings in spite of the general slowdown in China's economy, thanks to generous financial support from the government.

     New car sales in China showed a small increase of 4.7% in 2015. But seven of eight major listed Chinese automakers expanded sales by 20-60% in the business year ended last December, while six registered profit gains.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more