China's automobile industry has shown steady growth in 2024, with vehicle production and sales rising consistently during the first nine months of the year, according to data released by the China Association of Automobile Manufacturers (CAAM) on Saturday.
During the January-September period, the country's auto production reached approximately 21.47 million units, up 1.9 percent year on year.
Auto sales totaled 21.57 million units, marking a 2.4 percent increase from the same period last year. Notably, both production and sales of new energy vehicles (NEVs) surpassed 8.3 million units, with year-on-year growth exceeding 30 percent in both categories, according to CAAM's data.
CAAM stated that within the structure of automobile production and sales, NEVs now account for nearly 40 percent of total vehicle sales.
China's passenger vehicle market has been gradually picking up, with retail sales growing stronger in the third quarter of this year, thanks to government policies encouraging vehicle trade-ins and manufacturers launching new models during "Golden September and Silver October", a peak period for car sales, said Chen Shihua, deputy secretary-general of the Association.
In August, China increased the financial stimulus to encourage consumers to scrap their old vehicles and buy new ones. Subsidies for trade-ins of new-energy passenger vehicles have doubled from 10,000 yuan (about 1,414 U.S. dollars) to 20,000 yuan, while those for trade-ins of fuel passenger vehicles have been lifted from 7,000 yuan to 15,000 yuan.
At the same time, the export of finished vehicles has also seen steady growth. In the first three quarters, China's automobile exports reached 4.312 million units, a 27.3 percent year-on-year increase. Among them, exports of NEVs totaled 928,000 units, up 12.5 percent year on year.
China's auto sector shows strong growth momentum in first nine months
Any escalation of the conflict between the United States and Iran would bring catastrophic results for regional security and beyond, said the spokesman for the Qatari Ministry of Foreign Affairs, Majed bin Mohammed Al Ansari, on Tuesday.
Speaking at a press conference, Ansari urged both sides to exercise restraint and find diplomatic solutions to settle differences.
"We know that any escalation of the sort that you describe would have catastrophic results in the region and beyond. And therefore, we want to avoid that as much as possible. The talks continue, our calls continue. There is no specific effort that I can point to right now, but we are involved in talking to all parties, obviously, with our neighbors and our partners in the region to find a diplomatic solution," Ansari said.
Ansari stated that Qatar has been working to mediate the rising tensions between the United States and Iran. Qatar maintains that the only viable way to resolve the issue is through dialogue, specifically a comprehensive and inclusive process that fully considers the concerns of countries in the region and relevant international parties, he said.
He emphasized that the dialogues should include all issues, including the nuclear issue, in the discussion.
Qatar will continue to maintain close communication with its regional partners and is committed to promoting a solution to the issue through diplomatic means, Ansari said.
Russian Foreign Ministry Spokeswoman Maria Zakharova stated on Tuesday that Russia strongly condemns external interference in Iran's internal affairs, and the U.S. threat to launch a military strike against Iran are "categorically unacceptable."
Zakharova stated that Iran has suffered from illegal Western sanctions for many years, hindering national development and creating economic and social problems affecting ordinary citizens. Foreign forces hostile to Iran are attempting to exploit the escalating tensions within Iranian society to destabilize the Iranian regime.
The illegal sanctions imposed by the West have been impeding Iran's development for many years, which also triggers economic and social problems that impact ordinary Iranians, Zakharova noted.
Russia also firmly rejects the attempts to blackmail Iran's foreign partners through increasing trade tariffs, she said.
Any escalation of US-Iran conflict to bring 'catastrophic results' for regional security: Qatar foreign ministry
