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China’s car sales fell at faster pace in May, but that’s not the only challenge for the sector

THE WIRE WITH UP-TO-THE-MINUTE UPDATES

China, the world's largest vehicle market, reported the worst-ever monthly sales drop in May, intensifying concerns over the country’s economic growth will dragged down further by the slowing domestic demand.

Automobile sales tumbled 16.4 per cent in May from a year earlier, showed data from the China Association of Automobile Manufacturers (CAAM) this week. That marked the 11th consecutive month of decline and followed falls of 14.6 per cent in April and 5.2 per . . .

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