BEIJING -- The Chinese government and 36 automakers operating in the country have joined hands to revive anemic vehicle sales by offering tax breaks and discounts.
New-vehicle sales sank 12.6% on the year in May, the China Association of Automobile Manufacturers reported Friday, the third straight month of double-digit declines. But one silver lining was that the margin of decrease improved from the 47.6% plunge in April.
