Why China’s Auto Market Surges by 14% Despite Economic Slowdown?
By DSong In October 2023, sales of new vehicles in China’s Auto Market witnessed a 14 percent surge, reaching 2.853 million units. But the question is how it gave this promising growth when the economy is slowing down. As per the China Association of Automobile Manufacturers (CAAM) data, this was a significant increase from 2.505 million units…