CHINA TOPIX

11/04/2024 01:35:01 pm

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auto industry

China's Manufacturing PMI Hits Three-year Low In February

Local Chinese Carmakers Hit Lowest Recall Record in 2016; Could Signal Underreporting

Local Chinese carmakers reported the lowest record of total recalls in 2016, accounting for only 1 percent. The figure, which represents only a minute fraction of its 41 percent share on the overall car sale in the country, could signal a potential underreporting of quality and safety issues.

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