Chinese domestic car brands are catching up
Overseas car brands have seen a drop in sales in China after the government increased the purchase tax rate for smaller vehicles from 5% to 7.5%. China-produced Ford sales were down at almost 20% year-on-year in the first quarter and sales of locally-produced Hyundai cars were down 15% in the same period.
Subscribe to us on YouTube: https://goo.gl/lP12gA
Watch CGTN Live: https://www.youtube.com/watch?v=L2-Aq7f_BwE
Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8
Download our APP on Google Play (Android): https://play.google.com/store/apps/details?id=com.imib.cctv
Follow us on:
Facebook: https://www.facebook.com/ChinaGlobalTVNetwork/
Instagram: https://www.instagram.com/cgtn/?hl=zh-cn
Twitter: https://twitter.com/CGTNOfficial
Pinterest: https://www.pinterest.com/CGTNOfficial/
Tumblr: http://cctvnews.tumblr.com/
Weibo: http://weibo.com/cctvnewsbeijing
source
Comments are closed.