Trade war to rescue China’s stalling car firms as Beijing considers stimulus to boost domestic consumption

//Trade war to rescue China’s stalling car firms as Beijing considers stimulus to boost domestic consumption

Trade war to rescue China’s stalling car firms as Beijing considers stimulus to boost domestic consumption

China’s embattled automobiles sector is banking on Beijing to rescue it with the introduction of strong incentives as the country seeks ways to shake off the gloom surrounding its escalating trade war with the United States.Last month, passenger car sales stood at 1.51 million units, a decline of 16.9 per cent from the same period in 2018, according to the China Passenger Car Association. More importantly, April was also the eleventh consecutive month of sales declines for an industry that…

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By | 2019-05-14T13:23:58+00:00 May 14th, 2019|Business|Comments Off on Trade war to rescue China’s stalling car firms as Beijing considers stimulus to boost domestic consumption