Tag: China’s auto sales & output plunge in Apr

In April, China’s sales and production of automobiles both declined on year for the second month by 47.6% and 46.1% respectively, according to the data released by China Association of Automobile Manufacturers (CAAM) on May 11. Compared with March, last month’s total vehicle sales slumped by 47.1% on month to 1.18 million units, while output…