BEIJING: China’s auto market is likely to shrink for the third consecutive year in 2020, the country’s top auto body said, with industry watchers hoping a sales recovery in lower-tier cities help ease the pace of decline.
The China Association of Automobile Manufacturers (CAAM) expects a 2% fall in vehicle sales.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!