China auto sales slump 92% in first half of month - News Summed Up

China auto sales slump 92% in first half of month


BloombergChina auto sales fell 92 percent during the first two weeks of this month in the wake of the COVID-19 outbreak. The situation is expected to improve in the third week of this month, Cui said in an interview yesterday. The numbers underscore the extent by which sales have been affected in the world’s largest auto market. ADDING TO A TRENDEven before the outbreak, auto sales in the country were heading for an unprecedented third straight annual decline because of a slowing economy and trade tensions. The Chinese Ministry of Commerce on Thursday said it would work with other government departments on more measures to stabilize auto sales and reduce the impact of the outbreak.


Source: Taipei Times February 21, 2020 15:56 UTC



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