Report: Production, sales of cars drop in Feb

SHANGHAI, Mar 14 (SMM) – Production and sales of automobiles in China slumped in February, according to data from the China Association of Automobile Manufacturers (CAAM).

Production of cards fell 36.6% on a monthly basis, and 20.8% on a yearly basis, and stood at 1.71 million last month. February's sales dropped 38.9% month on month, and 11.1% year on year, and stood at 1.72 million.

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