US LNG exports surge but will buyers in China turn up?
Investing.com -- China’s car sales growth slowed significantly in July, with sales rising 6.9% from a year earlier to 1.85 million vehicles, according to data released Friday by the China Passenger Car Association.
The July growth rate represents a substantial deceleration from June, when sales increased by 18.6% year-on-year.
The slowdown comes as the world’s largest automotive market faces challenges from tougher regulations aimed at curbing an ongoing price war among major automakers.
These regulatory measures appear to be affecting the uneven performance of car manufacturers in the Chinese market.
Automakers in China have been engaged in an intense price competition, which authorities are now working to moderate through stricter rules.
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