Chinese Auto Industry Remains under Enormous Downward Pressure, CAAM Says

The China Association of Automobile Manufacturers pointed out that the current downward pressure on the Chinese economy continues to increase, the economic operation has shown a recovery, the demand is still insufficient, and the operating pressure of enterprises is generally high. The international situation is complicated and changeable. Effective policies to stabilize and expand automobile consumption continue to be promoted, fully promoting the release of the potential of automobile consumption, and promoting the stable operation of the automobile industry. China is faced with a major task of stabilizing the growth of the automobile industry. Effective policies to stabilize and expand automobile consumption are vital, and efforts will be made to release the potential of automobile consumption and promote the stable operation of the automobile industry.