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Category: Business

China’s auto sales sink in Feb as phase out of subsidies for trade-ins hits demand

China’s auto sales sink in Feb as phase out of subsidies for trade-ins hits demand

HONG KONG — China’s domestic passenger car sales fell sharply in February from a year earlier, industry figures showed Wednesday, reflecting weakening demand as some trade-in subsidies are phased out. Only 950,000 units of passenger cars were sold in China last month, according to the China Association of Automobile Manufacturers, down from nearly 1.4 million […]
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