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Chinese car sales are plummeting

Dec 11, 2018
November was not a good month for Chinese car sales, according to the Chinese Association of Automobile Manufacturers. During November, Chinese car sales had one of their worst performances. According to the CAAM, car sales in the Chinese market fell 14 percent last month. According to some experts, it was the most substantial slowdown since the Asian financial crisis back in 1998-1999. Some of the reasons for the tumble are the slowing economy, a particular turn of preferences of buyers, and the ongoing trade war between the United States and China.
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