Diabytes
China auto News
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To prop up the auto industry, the government cut purchase taxes by half on cars with small engines from October 1.
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Prices for German luxury cars in China are tumbling as the country`s stock market sell-off and worries about broader economic growth chill demand for auto brands that once commanded price premiums from affluent Chinese consumers.
China`s auto sales fell year-on-year in June, an industry group said Friday, as a slowing economy and rollercoaster stocks hit demand in the world`s largest car market.
China`s auto sales fell slightly on a year-on-year basis in May, an industry group said Wednesday, as a slowing economy prompts manufacturers to cut prices and trim production in the world`s largest car market.
Vehicle sales had slipped 0.2 percent from 2014 in February.
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