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10 Aug
09:28

Chinese automotive output drops in July

Chinese automotive production dropped in July but this was no reason to panic as output typically declines in the first month of each quarter before rising later in the period. July output was higher compared to January and April, Kallanish notes. Chinese manufacturers produced a total of 2.4 million vehicles in July, down 6.2% on-month and 2.2% on-year, according to the China Association of Automotive Manufacturers (CAAM). The on-year loss was due to a high …
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