Auto stocks surged on Wednesday, buoyed by China’s decision to introduce incentives to arrest shrinking sales. Photo: Reuters
Carmakers rise after China vows to boost spending on autos as car sales fall for the first time in 27 years
- The national economic planning agency says it will introduce policies to boost domestic consumption, without giving details
- Domestic buying interest is hurt by slowing growth and the impact of US-China trade war
Topic |
Autos
Auto stocks surged on Wednesday, buoyed by China’s decision to introduce incentives to arrest shrinking sales. Photo: Reuters