Chinese automotive sales crash as US trade war intensifies
Sales drop 16.4% in May, the worst monthly decline, on a slowing economy and US trade dispute
12 June 2019 - 18:24
Beijing/Shangai — China reported the worst monthly sales drop in the world’s largest vehicle market on Wednesday, exacerbating concerns over the country’s economic slowdown and growing effect of an ongoing trade war with the US.
Sales tumbled 16.4% in May from the same month a year prior, the China Association of Automobile Manufacturers (CAAM) said. That marked the 11th consecutive month of decline and followed falls of 14.6% in April and 5.2% in March...
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