Today (23rd) the general offices of the Ministry of Industry and Information Technology and the Ministry of Public Security issued a joint notice. Going forward, motor vehicle certificate-of-conformity data will be shared in real time between the two agencies with second-level transmission, allowing domestically produced small passenger cars to be bought, taxed and registered on the same day and speeding up purchase-to-registration processing.

Fed's GOOLSBEE said more evidence is needed to show the current bout of inf is temporary; services‑sector inf is mildly concerning.

MOFCOM and eight ministries issued measures to boost China’s auto after-market consumption, calling for a multi-tier auto-racing ecosystem—flagship international events, professional series and grassroots experience races. The notice aims to leverage the new-energy vehicle (NEV) industry to cultivate competitive domestic NEV racing brands and strengthen IP protection. It directs support for reform pilot cities to tailor the introduction of international auto races, streamline race-vehicle import/export procedures and models, and promote localized event operations and innovation. The measures also call for creating national-level auto-sport consumption venues and upgrading venue facilities, technical services and event-operation capabilities.