China’s Car Sales Decline as End of Subsidies Hurts Demand

China’s passenger car sales dropped in October for the first time in more than a year as the gradual phasing out of local government trade-in programs add to ongoing headwinds...

By Charlie Zhu, Chunying Zhang · Bloomberg Markets

China’s passenger car sales dropped in October for the first time in more than a year as the gradual phasing out of local government trade-in programs add to ongoing headwinds that are hurting demand.