The automotive sector’s output accounts for more than 10 per cent of the country’s gross domestic product. Photo: Xinhua

China needs to rev up stimulus measures to repair broken down car sales, analysts say

  • Sales have fallen for 13 straight months since July 2018, and look set to fall for a 14th in August despite three measures already introduced intended to boost purchases
  • Consumer income growth is slowing and levels of debt are rising as China’s economy slows due to the effects of the trade war with the United States
Topic |   China economy

TOP PICKS

The automotive sector’s output accounts for more than 10 per cent of the country’s gross domestic product. Photo: Xinhua
READ FULL ARTICLE