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Auto production in China fell 79.8%.....>

CHINA PRESS
CHINA PRESS: Auto production in China fell 79.8% while sales were down 79.1% in
February on a year-on-year basis, according to the China Association of
Automobile Manufacturers (CAAM). Citing Xu Haidong, the deputy secretary-general
of GAAM, the Economic Daily reported that sales and production figures are
expected to show an increase in March, and the auto industry should fully
recover in Q3 based on expectations that the coronavirus epidemic will run its
course. The GAAM has advised the government to support the auto industry through
measures such as continuing subsidies for electric vehicles and stimulating
consumer demand for cars.
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