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

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Auto stocks surged on Wednesday, buoyed by China’s decision to introduce incentives to arrest shrinking sales. Photo: Reuters
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