The world's largest automobile market posted declining sales for a second consecutive year, falling short of analysts’ expectations as an economic slowdown deterred consumers from splashing out on big-ticket items.
Sales of passenger cars - sedans, sport utility vehicles, minivans and multi-purpose vehicles - slid 7.5 per cent to 21.04 million units last year, according to data released by the China Passenger Car Association (CPCA) on Thursday.
It followed a 5.8 . . .
To continue reading, please subscribe. You will get
- THE WIRE - An Unrivalled Real-Time Platform providing up-to-the-minute updates of market-moving news and views utilising a network of journalists, traders, brokers, analysts, etc. We walk you through every trading day in China to make you stay in the know. Here are some screenshots of our wire updates.
- ORIGINAL, IN-DEPTH & DATA-DRIVEN reporting on China's economy, policy and financial markets.
- DETAILS - Get access to important details that you won't find elsewhere.
- WEEKLY NEWSLETTER - Receive a summary of the week's top news—distilled into one email.
Already have an account? Sign In