From Nikkei Asia · · 40s
China's auto sales drop
China's peak-season car sales fall sharply as domestic demand weakens.
In brief
China's peak-season car sales fall sharply as domestic demand weakens. China's passenger car sales dropped 10.2% in September, the sharpest monthly decline this year, signaling weaker domestic demand and increased reliance on exports. Originally reported by Nikkei Asia.
China's peak-season auto sales
China recorded its sharpest drop in monthly passenger car sales this year, dashing hopes for domestic demand revival in the traditional peak shopping season.
Domestic sales decline
Passenger car sales fell 10.2% in September, the sharpest monthly drop this year, highlighting growing reliance on exports for growth.
Export reliance intensifies
Chinese automakers face declining domestic sales, forcing them to rely more heavily on export growth to offset the slump.
Here's the gist
China's passenger car sales dropped 10.2% in September, the sharpest monthly decline this year, signaling weaker domestic demand and increased reliance on exports.
