China’s passenger car retail sales fell 23.6% year on year in August, the second-steepest monthly decline of 2024, underscoring weak consumer demand. Economist Michael Pettis said the market shows no sign of sustained recovery and vouchers may have limited effect.
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China’s passenger car retail sales fell 23.6% year on year in August, the second-steepest monthly decline of 2024, underscoring weak consumer demand. Economist Michael Pettis said the market shows no sign of sustained recovery and vouchers may have limited eff
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