China's auto industry is feeling a colder winter, with sales drop widening, as a phasing out of tax brake and a slowing economy amid more uncertainties arising from worsening trade disputes with the US are bringing to an end to almost three-decade expansion in the world's largest auto market.
China's auto sales dropped 11.6 per cent in September from a year earlier, the biggest drop in seven years, shows the data released by China Association of Auto Manufacturers on Friday. That make total sales for the first nine months only 1.5 per cent higher . . .
To continue reading, please subscribe.
GRAB THE CHRISTMAS OFFER!
Information with value should also be on your holiday shopping list, right?
Your subscription will help keep us INDEPENDENT to provide you with UNBIASED & REAL INFORMATION.
Already have an account? Sign In