China automakers call for stimulus as coronavirus carnage bites
Handouts for electric vehicle companies to run through 2022: Finance Ministry
Auto Manufacturers' profits plunged 80.2% in the first quarter, according to data from China’s National Bureau of Statistics.
The shine was already coming off China's auto sector. Then COVID-19 struck, buckling supply chains and hitting sales hard.
Car manufacturer profits plunged 80.2% in the first quarter, more than twice the average industrial profit slump of 36.7%, according to data from China's National Bureau of Statistics.
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