China's automobile sales fell 13.8 percent in February from the same month ...
BEIJING - China’s automobile sales fell 13.8 percent in February from the same month a year earlier, the country’s biggest auto industry association said on Monday, marking the eighth consecutive month of decline in the world’s largest auto market.
The China Association of Automobile Manufacturers said sales fell to 1.48 million vehicles last month, after declines of 16 percent in January and 13 percent in December. “The trend experienced last year has continued into this year, and the economic situation has also been weak. This has dragged down consumption,” CAAM’s Deputy Secretary General Shi Jianhua told reporters at a news briefing in Beijing.China plans billions of dollars in tax cuts and infrastructure spending to support an economy growing at its slowest pace in almost 30 years due to softer domestic demand and a trade war with the United States.
The major task for dealers in the first half of 2019 is to reduce vehicle inventories amid rising funding pressures, said Chen Shihua, CAAM’s assistant secretary general.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Pollution soars in Northern China in February: official dataAir pollution in 39 smog-prone northern Chinese cities soared in February, makin...
Weiterlesen »
China February exports tumble the most in three years, slowdown worries deepenChina's exports tumbled the most in three years in February while imports f...
Weiterlesen »
China February exports tumble the most in three years, heighten global slowdown fearsChina's exports tumbled the most in three years in February while imports f...
Weiterlesen »
China February soybean imports fall to four-year low amid tariffs, flat demandChina's soybean imports in February fell to their lowest monthly level in f...
Weiterlesen »
China February exports tumble the most in three years, spur fears of 'trade recession'China's exports tumbled the most in three years in February while imports f...
Weiterlesen »
Senior China diplomat says China-U.S. trade talks have made substantive progressThe Chinese government's top diplomat, State Councillor Wang Yi, said on Fr...
Weiterlesen »
Senior China diplomat urges U.S. to meet China halfwayThe Chinese government's top diplomat, State Councillor Wang Yi, said on Fr...
Weiterlesen »
Megacities and more: China's most impressive urban centersFor travelers fascinated by super metropolises, there's no better place to visit than China. With a population of 1.3 billion people and rising, the country boasts the world's highest number of megacities.
Weiterlesen »
China's exports fall more than 20% in February; overall trade data come in much weakerChina on Friday reported worse than expected trade data for the month of February, customs data showed amid Beijing's trade dispute with the U.S.
Weiterlesen »
China's February trade data come in much weaker than expected; exports fall more than 20%China on Friday reported worse than expected trade data for the month of February, customs data showed amid Beijing's trade dispute with the U.S.
Weiterlesen »