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China: Steepest drop in car prices since June 2010

China's National Development and Reform Commission (NDRC) has said that passenger vehicle prices in the country showed the greatest decline in about two years in May. This fall has been attributed to a worsening glut at automotive dealerships in China, Bloomberg News said. According to Cheng Xiaodong, head of automotive price It’s time to log … Continued

China's National Development and Reform Commission (NDRC) has said that passenger vehicle prices in the country showed the greatest decline in about two years in May. This fall has been attributed to a worsening glut at automotive dealerships in China, Bloomberg News said.

According to Cheng Xiaodong, head of automotive price

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