Car sales in China rose 4.4% in 2021, snapping a three-year decline
For 2022, China’s passenger-car market is likely to grow by 5%, with new-energy cars accounting for a quarter of total sales, the association forecast. Analysts also expect the market to expand, though some expect the pace to be slower.
Risks hanging over the market include an economic slowdown and the pandemic, analysts say. The world’s second-biggest economy has been slowing in recent months amid a sluggish recovery in consumption and a prolonged property slump. China recorded a steep economic slowdown in the third quarter as its pandemic bounceback fades—and now, Beijing is taking on longer-term issues including household debt and energy consumption. WSJ’s Anna Hirtenstein explains what investors are watching. Photo: Long Wei/Sipa Asia/Zuma Press
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