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

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