, Columnist
China Car Market Goes Bust, Boost, Boom. Repeat
Beijing’s planned stimulus policies risk prolonging the cycle of highs and lows in an industry where demand is maturing.
This market needs to grow up.
Photographer: AFP/Getty Images
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China is planning to give the world’s largest auto market a shot in the arm. Don’t be so sure it’ll work.
As the nation prepared to post its first annual decline in car sales in at least two decades, a senior official of the National Development and Reform Commission said late Tuesday the government would announce measures to encourage consumers to buy cars and other goods.