China's car market will return to growth in the second half of this year du...
SHANGHAI - China’s car market will return to growth in the second half of this year due to government support although the days of high single or double-digit growth are over and consolidation is likely, senior automotive executives said on Tuesday.
Recent moves by the Chinese government to cut taxes, carmakers’ plans for new model launches as well as the hopes that the U.S.-China trade spat will soon be resolved could start to turn things around, the executives said. The decline in Chinese automotive sales has already started to slow. They fell by 5.2 percent in March, the smallest decline since August 2018.
Some firms were more optimistic with luxury carmaker Rolls-Royce Motor Cars saying that it would likely achieve double digit sales-growth in China again this year, although below 2018 levels.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Alibaba's South China Morning Post readies its US push as it hunts for 'China-curious' readersThe Hong Kong-based publication believes that the time is right for its US expansion, with China-US trade talks and interest in them heating up.
Read more »
Treasury yields mixed as investors follow US-China trade talksU.S. government debt prices were mixed Tuesday as traders cautiously weighed the prospects of a cute to rates and monitored trade talks between China and the U.S.
Read more »
Dollar up as key global data awaited, Australia hit by RBA's dovish toneThe dollar edged up against a basket of its key rivals on Tuesday with investors...
Read more »
Daimler: Mercedes sells more than 600 Maybach models a month in ChinaDaimler's China chief said sales rose 3 percent in the first quarter, defyi...
Read more »
Small is beautiful for BlackRock in ChinaForeigners can finally control mainland asset managers, but few are likely to sell given the $3.7 trln market’s promise. CICC could be an exception. Its fund arm is tiny, but it has licences that Larry Fink’s firm prizes. If BlackRock buys the outfit, similar deals should follow.
Read more »
Major currencies tread water ahead of euro zone, China dataMajor currencies remained confined to well-trodden ranges on Tuesday, as markets...
Read more »
Asia stocks cling to nine-month high on China hopes, Wall Street dented by earningsAsian stocks ticked up on Tuesday, staying near a nine-month high as hopes of st...
Read more »
Ford's China JV Changan eyes sales rebound at end-2019: presidentChina's China Changan Automobile Group expects sales at its joint venture w...
Read more »
Rolls-Royce sees double-digit sales growth in China this year: CEOLuxury carmaker Rolls-Royce expects to achieve double-digit sales growth in Chin...
Read more »
Scenes cut from Game of Thrones in ChinaChina-based fans of 'Game of Thrones' missed out on six minutes of violence, prostitutes and coarse language which was cut from the premiere of the show's final season on Sunday.
Read more »