LifeStyle

3Novices:Auto makers tap China’s middle class as car sales set to slow

With car sales widely expected to lose their momentum in China this year, manufacturers have decided the middle class’s growing appetite for SUVs and clean-energy vehicles is their best bet.
Following a robust 15 per cent growth in 2016, sales of passenger vehicles are likely to increase at a much slower pace this year, with the China Association of Automobile Manufacturers (CAAM) forecasting a 5 per cent year-on-year rise.
Among the likely reasons for the projected decline is a decision…
April 21, 2017 at 08:24PM http://ift.tt/2oc6Mri
#3Novices #News #OnlineMedia #China #LifeStyle 3Novices China

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