FILE PHOTO: A carrier trailer transports newly manufactured cars at a port in Dalian, Liaoning province, China May 21, 2019. REUTERS/Stringer/File Photo
BEIJING - China’s auto market, the world’s biggest, will gradually recover and remain stable for a long period of time despite short term pressure from the coronavirus epidemic, officials said on Thursday China’s auto sales dropped 79% compared to a year earlier in February due to the epidemic. However, this situation is “temporary and will not affect the long-term trend of China’s auto industry”, Cai Ronghua, a senior official at National Development and Reform Commission , told a news conference on Thursday.
“If auto production and sales continue to decline, it will not only affect the industry itself, but also affect the resumption of production in other industries, and may even affect the smooth operation of the entire economy,” Cai said, adding auto production has not been affected by global auto parts supply disruption at present.
Separately, the Ministry of Ecology and Environment is considering postponing the implementation of new gasonline emission standards in some provinces, Wu Xianfeng, a senior official at MEE said.Our Standards:
...hence, was this pandemic designed❔
The world must isolate and turn their back on China. Sanction them and destroy their economy.
Yet another ridiculous story from Reuters over the situation in the PRC. might as well now re-brand itself as XHNews. Perhaps the real story here is why it's so frightened of Beijing? CCPVirus ChairmanXi COVID19 Coronavirus concentrationcamps Uighurs HongKong
reviving of economy, sooo fast nice
When a simple search give you counter argument against Reuters. You know the market is fucked anyway.
Yeah! And dogs will recite the Red Book as they peacefully accept being boiled alive for dinner in this land of miracles!
Over supply - good maybe prices will decline
Yep, because their government will buy then up and secretly destroy them. Same with real estate. China bails out its industries secretly all the time!
BaldingsWorld Reuters is really rolling this stuff out.
Enough with Chinese propaganda already!