Chinese auto sales declined almost 14 percent in February, an industry group announced Monday, marking the eighth straight month of year-on-year decline in the world's biggest vehicle market.
Citi said in a Monday note that the timing of the planned tax cuts to boost consumer spending remains unclear and thus"will cause buyers to delay car purchases until after the tax is implemented." "The trend experienced last year has continued into this year, and the economic situation has also been weak," Shi Jianhua the association's deputy secretary general told reporters at a press conference in Beijing, according to Reuters.
Source: News Formal (newsformal.com)
人都快死完了，誰還買汽車？
BUURRRRRNN BABYYYY!!!!
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