Automobiles became largest economic pillar of China, but price war also contributed to deflation

Nuying Huang, Taipei; Jack Wu, DIGITIMES Asia 0

Credit: AFP

China recently released official data indicating that in 2023, China's automobile production and sales generated a total value of CNY11 trillion (approx. US$1.52 trillion), accounting for nearly 10% of the country's GDP and surpassing real estate for...

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