China's passenger car sales slumped by another 17.7 per cent compared to a year earlier to 2.02 million vehicles, 9.5 per cent lower than the previous month, according to data released by the China Association of Automobile Manufacturers on Monday. That's wider than a drop of 15.8 per cent year-on-year in December 2018.
It is the seventh straight monthly decline in the world’s largest car market, and adds to wider concerns over domestic consumption and economic growth. It also marks the the biggest one-month drop since January 2012 and the . . .
To continue reading, please subscribe:
We highly value independence. Yuan Talks is solely funded by subscriptions from thousands of intelligent readers like you.
Not satisfied with general information that you can get everywhere? Join us now! We go deeper to bring you details, data and perspectives you won't read elsewhere!
What you'll get:
- In-depth & data-driven reporting on China's economy and financial markets
- Daily Brief newsletter delivered before market open every weekday. You don't have to spend time to source information about this market. We do it for you! You only need to spend 10 minutes every day to read our newsletter!
- Exclusive interviews with China experts. We find you insights you should never miss!
- Conference calls and events. Nothing is better than talking to newsmakers, experts and reporters directly, right?
Already have an account? Sign In