China's automotive sector is grappling with a significant revenue decline, with vehicle sales falling for the third straight month in August. Data from the China Association of Automobile Manufacturers (CAAM) shows a 5 per cent year-on-year decrease in new vehicle sales, reaching 2.45 millio
China's new automobile sales fell 5.2 per cent in July, according to industry data released on Friday, marking the second consecutive month of decline due to weak domestic demand