This an overnight piece in the Wall Street Journal on falling auto sales in China
Is it a reflection of economic uncertainty in the country or a hiccup? Sales down for two months in a row
- -3.8% to 2.1 million in August
- After - 4% in July
Adds the Journal;
- The August numbers add to more concerns about a second-half slump in China's auto market, a turnabout after vehicle sales grew 5.6% in the first six months of 2018.
Link is here for more (gated)
A weaker Chinese economy, if that is what this reflefecting, is a negative input for the AUD. Its not having a good news day really.
