China’s automotive industry continued to power ahead in the first half of this year, but one sector has been left behind. Sales of trucks and buses fell in a development analysts blame on commercial vehicle makers’ greater exposure to slower economic growth and stricter emission standards.
The China Association of Automobile Manufacturers reported yesterday that first-half sales of cars rose 11 per cent to 9.6m units. Industry analysts had expected China’s car market would cool after growing 16 per cent to 18m units last year, making it 10 times bigger than India’s.
Sales of commercial vehicles, however, are declining. They fell 3 per cent over the first six months to 2m units, according to CAAM.
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