China's auto sales drop in May for second month
Hong Kong - Yonhap
China's automobile sales dropped for the second month in a row in May, an industry group said Sunday, pointing to slowing demand after Beijing stopped offering incentives and introduced new limits on car purchases earlier this year. Vehicle sales in China shed 13.95 percent on-month to 1.19 million last month, the China Association of Automobile Manufacturers (CAAM) said. It was a 29.74 percent increase compared to the same month last year.
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