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Caixin Global
Caixin Global
Business
Ding Yi and Yu Cong

China Car Sales Post First Monthly Dip Since July

What’s new: China has reported its first month-on-month decline in vehicle sales since July, despite renewed efforts by some carmakers to offer discounts in the world’s largest auto market.

The country’s passenger car retail sales in January reached 2.04 million vehicles, down 13.9% from December, according to data published by the China Passenger Car Association (CPCA) Thursday.

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