the Decline to 22.3 million cars sold in 2018 is partly together with trade wars with the united states and the uncertainty it spreads among chinese consumers. It is the first time since 1992 that a decline is recorded.
Chinese consumers are previously worried about what the uncertain development of China’s economy will mean for their private part.
the International monetary fund has lowered the forecast for growth in China and predicts that the fall from 6.6 in the year to 6.2 per cent in 2019. In december, fell and manufacturing in the industry for the first time in two years.
do not hesitated to take of their savings to buy a new car are now in place in the money.
The growing caution, not just cars. Apple recently reported a sharp deterioration in sales of Iphone handsets in China.
Another reason for the decline in the automotive industry, according to analysts, the chinese government last year stopped subsidizing cars with small engine sizes with lower tax rates, a policy which had been underway since 2015.
the News about the declining sales will provide the eco over the world.
Link to the graphics
the Statistics underlines the need for China to resolve the protracted handelskonflikten with the united states. The parties have not agreed on 1 march, the president of the united states Donald Trump threatened to go ahead with the plan to increase tariffs from the current ten per cent to 25 per cent on imported chinese goods to the value of 200 billion dollars.
China in the year to launch a stimulus package to attract the country’s over one billion consumers to let the money roll. It is hoped that it will lead to the purchase of not just more cars again, but also of the refrigerator, other kitchen equipment and washing machines in a general attempt to promote economic growth and counteract the effects of the trade war, that, if it continues.
the Comment made by the National development and reformkommissionens deputy chairman Ning Jizhe, then the NDRC, China’s main economic planeringsbyrå before the end of the year, presented the decision to 2019 to reach high-quality growth through domestic consumption.
Sales of white goods has continued to fall since the trade war, that began in July.
Exactly what in the stimulus measures should last is not completely clear, but in the past, the chinese government has offered subsidies on household appliances to the residents in rural areas.
the News of the fall in car sales in China have already had repercussions in other countries.
recent years have expanded both production and sales in China. Now, the first clear setback for the new jättemarknaden.
On Thursday announced Jaguar Rover that the company shall reduce the number of employees in the Uk, with 5,000 of a total of 40.000. The reduction of sales of diesel cars and the expected increased competition since the Uk left the EU as the reason, but the main reason is said to be slowdown in China.
car manufacturer Ford announces that thousands of jobs may disappear in the Uk and in other places in Europe when business operations change.
Read also: Thousands of jobs can disappear from the Ford
