China’s auto sales could drop by more than half in February due to the coronavirus outbreak, said the UBS. The shutdowns of auto part factories in China have started to disrupt global supply chain.
Before the coronavirus outbreak, auto sales had been expected to return to growth this month after declining for several months in a row, but the epidemic has changed the expectations.
“Car sales in February is likely to drop by more . . .
To continue reading, please subscribe. You will get
- IN-DEPTH & DATA-DRIVEN reporting about key trends in China's economy and financial markets
- DETAILS MATTER - we bring you details that you won't find elsewhere
- THE WIRE - up-to-the-minute updates of market-moving news and views
- DAILY BRIEF - daily newsletter to give you a quick overview of the most important business news every day.
LIMITED-TIME OFFER - 40% OFF
We highly value independence. We are solely funded by subscriptions from intelligent readers like you.
Already have an account? Sign In