(Added data released by China Association of Automobile Manufacturers on Monday )
China’s car sales fell at a faster pace in April despite stimulus measures introduced by the government to increase spending on automobiles and two rounds of price cuts. Analysts expect carmakers to start a new round of price cuts soon to boost sales in the world's largest automobile market.
China's car sales fell 14.6 per cent in April from a year earlier, making the . . .
To continue reading, please subscribe. You will get
- Original and in-depth reporting on China's economy and financial markets
- Details, data and perspectives you don't read elsewhere
- THE WIRE - a Real-Time News platform that delivers everything important about China's economy, companies, stocks, bonds, commodities and the yuan.
- Daily Brief newsletters to get you prepared for every trading day
We highly value independence. We are solely funded by subscriptions from thousands of readers like you.
Already have an account? Sign In