Auto industry heading for slowdown
Print Edition
A SENIOR official said yesterday that China鈥檚 auto sales and production were entering a period of slow growth.
The country鈥檚 auto sales and production had been at high levels, reaching more than 29.4 million units in 2017, and it was hard to sustain that rate, said Xin Guobin, deputy head of the Ministry of Industry and Information Technology.
鈥淭he period of fast auto sales and production expansion may be over, and slow growth is likely to be the new normal,鈥 Xin said.
Auto sales and production totaled 20.49 million units in the first nine months of the year, up 1.5 percent and 0.9 percent from one year earlier, the China Association of Automobile Manufacturers said.
In September, auto sales fell for the third month in a row, down 11.55 percent from one year earlier.
Production dropped 11.71 percent.
But Xin said the auto industry still enjoyed vast potential for development as huge demand would emerge from replacement and small cities.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
