China's car exports have declined by 4.9% since the beginning of the year

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From the beginning of the year to May, China shipped 392,000 cars abroad. According to the China Association of Automobile Manufacturers, the figure fell by 4.9% compared to the same period last year. 259 thousand passenger cars were shipped abroad, which is 14.5% less than deliveries from the same period of 2018. During this period, China has delivered 21.7% more commercial vehicles, their number has grown to 133 thousand cars. In May, China exported 78 thousand cars. The indicator for April rose by 16.4%. The association also reported that in the first four months of the year, Chinese car manufacturers reduced revenue by 9.2% to 1.26 trillion yuan. In order to increase car sales in the country, the Chinese authorities have imposed a ban on any restrictions from the side of local authorities on the purchase of cars with engines that work on new energy sources.

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