China auto market growth may halve to 7% this year


SHANGHAI: Growth in China's auto market, the world's biggest, will halve to 7 percent this year weighed down by a slowing economy, the head of an industry body said on Saturday.

"Personally, I think growth this year can reach 7 percent," Dong Yang, secretary general of the China Association of Automobile Manufacturers (CAAM), told reporters on the sidelines of an industry conference in Shanghai.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Trading ideas: Uzma, Tuju Setia, Dialog, LBS, Tropicana, MGB, Ni Hsin, Sunway, Country Heights, Infomina
Energy shock ripples through the economy
Locked-in feed costs an advantage for Teo Seng Capital
Deleum’s RM2.5bil order book to fuel growth
Select consumer stocks to ride out cost volatility
CelcomDigi poised to remain as market leader
Asset monetisation to bolster IOIPG dividends
Zetrix, CAICT’s Astron unveil blockchain-AI trust layer
5E Resources eyes growth from B15 policy push
Tuju Setia bags�RM359mil residential job

Others Also Read