The world’s largest car market is deflating. China’s homegrown auto makers will likely move into the slow lane, too.
China’s car sales fell 5.5% year-over-year in July, the second consecutive month of decline, according to China Passenger Car Association. In the first five months of the year sales grew 5.3%.
The CPCA data don’t have a spotless... Nguồn: www.wsj.com