For the first time since the 1990s, car sales in the world’s biggest car market shrank in 2018, as China grapples with a slowing economy and the trade war with the United States. Photo: Reuters
China moves to spur car sales in bid to boost slowing economy, but is there enough demand?
- National Development and Reform Commission plans to loosen restrictions on the second-hand car market as part of a flurry of measures
- For the first time since the 1990s, car sales in the world’s biggest car market shrank in 2018 due to a slowing economy and the trade war with the United States
Topic |
China economy
For the first time since the 1990s, car sales in the world’s biggest car market shrank in 2018, as China grapples with a slowing economy and the trade war with the United States. Photo: Reuters