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China car sales set for third year of decline in 2020 as weak economy and trade war pressures build

Summary:
[unable to retrieve full-text content]China’s car market, the world’s biggest, is set for a third year of contraction with a 2 per cent decline in sales next year, hit by a weaker economy and US-China trade tensions, the country’s top industry body said on Thursday.The China Association of Automobile Manufacturers (CAAM) expects sales to slide to about 25.31 million vehicles in 2020, Xu Haidong, CAAM’s assistant secretary general, said.CAAM said in October that 2019 sales are expected to fall to about 26 million vehicles this year,…

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[unable to retrieve full-text content]
China’s car market, the world’s biggest, is set for a third year of contraction with a 2 per cent decline in sales next year, hit by a weaker economy and US-China trade tensions, the country’s top industry body said on Thursday.The China Association of Automobile Manufacturers (CAAM) expects sales to slide to about 25.31 million vehicles in 2020, Xu Haidong, CAAM’s assistant secretary general, said.CAAM said in October that 2019 sales are expected to fall to about 26 million vehicles this year,…

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