Top Chinese auto groups have reported record breaking overseas sales in March.
BYD reported overseas sales of 119,591 passenger vehicles and pickups in March, a 65.2 percent increase over the previous year.
Chery Group exported 148,777 vehicles, up 72 percent year on year while setting a new record for single-month exports by a Chinese brand.
Changan Automobile also hit a historic high, shipping over 103,900 units overseas, while Geely exported 81,639 vehicles, a remarkable 120 percent surge. Great Wall Motors' overseas sales reached 47,142 units, accounting for 44.4 percent of its total sales.
At the same time, Chinese brands are actively leveraging international suppliers to further improve quality and competitiveness.
In Shanghai, a multinational component provider demonstrated its latest fourth-generation multi-function camera, which has seen sharply rising orders from multiple Chinese auto brands this year, as such function has been welcomed in international markets including Europe.
"Monthly production of this product used to hover around 100,000 to 200,000 units. This year, orders have surged past 250,000 units per month. By deploying R and D locally in China and collaborating closely with Chinese brands in exploring global market, we are sharing our strengths with countries around the world," said Wu Yongqiao, president of Bosch Intelligent Driving Control China.
Technological innovation remains the core force behind this export momentum.
In Ningbo City, east China's Zhejiang Province, Geely's advanced driver assistance system, known as Qianli Haohan G-ASD, recently secured the rigorous UN R171 international certification.
This approval means vehicles equipped with the system can enter EU markets more smoothly, without needing separate country-by-country certifications.
"China's auto industry now has a complete industrial chain, world-leading electrification and intelligence technologies, and the ability to iterate rapidly. This gives us the confidence to export not just products, but also Chinese technology, standards, and business models to global markets." said Li Shaohua, deputy secretary-general of the China Association of Automobile Manufacturers.
Top Chinese auto brands report record overseas sales in March
Housing markets in China's first-tier cities have seen a recovery in recent weeks and have continued to gain momentum so far in April, with transactions for both new and second‑hand homes on the rise.
Data showed that from April 1 to 6, the capital Beijing registered 2,100 second‑hand home sales online, up 11.8 percent year on year, and 850 new commercial residential units online, up 17.4 percent year on year.
Real estate agencies in several districts welcomed a steady stream of clients during the three-day Qingming Festival holiday, also known as the Tomb-sweeping Festival, which ended Monday.
One agency manager said that until 20:00 on the last day of the holiday, all 10 of their contract-signing rooms were still full.
Ma Xinguo, another agency manager, said that the holiday rush seems to indicate continued momentum in the market.
"It is estimated that 50 to 60 deals were reached (during the holiday). Compared with weekends in March, the overall momentum in contract signings has not decreased," said Ma.
Similar scenes unfolded in both Shanghai and the southern city of Guangzhou, where housing markets maintained the momentum seen in March and attracted large numbers of homebuyers.
According to data from Anjuke, a real-estate listing platform, 203 new homes were sold in Shanghai during the Qingming Festival holiday, a 12.8 percent increase from the same period last year. The pre-owned housing market performed even better, with 1,224 second-hand homes sold, a 17.7 percent year-on-year increase.
Li Wanping, a manager at a real estate agency in Guangzhou, said that their office saw a steady stream of clients during the recent holiday.
"We have so many clients that our sales team can't keep up right now. In the last few days, we've been closing about three to four properties a day on average," said Li.
An industry expert noted that Guangzhou's housing-market recovery reflects the impact of policy support, released pent-up demand, and restored market confidence, indicating more rational and healthy development for the housing markets.
"The housing market for this year and next will see a slight price adjustment, with a bottoming out and localized rebound. As a first-tier city, Guangzhou continues to enjoy strong demand and vitality," said Ou Jiangbo, director of the Institute of Quantitative Economics at the Guangzhou Academy of Social Sciences.
China will work to stabilize the real estate market this year, with city-specific policies to control the number of new real estate projects, reduce housing inventory, and improve supply, according to this year's government work report.
The country will take well-ordered steps to promote the development of quality homes that are safe, comfortable, eco-friendly and smart, and carry out projects to enhance housing quality and initiatives to improve property services, the report said.
The report also noted that efforts will be made to provide housing support for first-time married couples and those with their first child, and help families with children meet their needs for better housing.
Housing market shows active signs in April as major cities see rebound
