Michael Pettis: China passenger vehicle sales drop 28 percent in September, exports surge 73 percent - Traders Union
Michael Pettis: China passenger vehicle sales drop 28 percent in September, exports surge 73 percent - Traders Union
Source: Traders Union
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DW NOTE
China's domestic auto market is collapsing while exports explode — a 28% September sales drop alongside 73% export growth. This is what industrial overcapacity looks like when you can't consume what you produce: you flood foreign markets at prices local manufacturers can't match, turning every trading partner into a constituency for tariffs.