China Truck Sales Continue Downward in Q3'12
December 26, 2012
"Domestic factors as well as the European debt crisis continued to exert a negative influence on China's GDP," said Frank Maly, director of commercial vehicle transportation analysis & research at ACT. "China's real estate investment slowed, leading to a rapid decline in overall investment growth," he added.
Domestic sales of Chinese heavy-duty trucks continued downward in Q3. Bus market sales also took a turn for the worse after the bright 4.7% year-over-year sales recorded last quarter. China's GDP growth is expected to remain in the 8% to 9% range through 2017.
SIC is affiliated with the National Development and Reform Commission of China and is engaged in research on the macro-economy, key industries and information technology.