China car sales drop 17.4% in February to 1.22m units
The weakness in overall sales was despite stepped-up efforts by the government to stimulate the domestic economy, which is growing at the slowest pace in three decades amid a trade war with the U.S.
HONG KONG (Nikkei Markets) -- Passenger cars sales in China dropped in February as weak consumer sentiment and a slowing economy cast a shadow over the world's largest automobile market.
Sales of passenger cars fell 17.4% to 1.22 million units, China Association of Automobile Manufacturers, or CAAM, said on its website on Monday.
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