Economics
China Car Sales Plunge to Fresh Depths as Virus Spreads
- Outbreak is adding to embattled auto industry’s headwinds
- Retail sales drop of 22% is worst-ever for January: PCA
A security guard stands outside the empty Yuyuan Bazaar in Shanghai, Feb. 7.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
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Car sales in China fell to fresh lows in January as the coronavirus kept buyers away from showrooms, intensifying the gloom hanging over the industry.