China auto sales set for third year of decline - industry association
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BEIJING/SHANGHAI (Reuters) - China's auto market, the world's biggest, is set for a third year of contraction with a 2% decline in sales next year, hit by a weaker economy and U.S.-China trade tensions, the country's top auto industry body said on Thursday. The China Association of Automobile Manufacturers (CAAM) expects sales to slide to about 25.31 million vehicles in 2020, Xu Haidong, CAAM's assistant secretary general, said at a conference on Thursday.CAAM told Reuters in October that 2019..