Sales of Chinese-branded passenger vehicles have collapsed in the world’s largest car market, sharpening a debate about whether the sector should be opened further to foreign investors.
The China Association of Automobile Manufacturers said yesterday that domestic carmakers had sold 457,000 own-brand passenger saloons in January and February, a 21 per cent decline from the same period last year.
Their market share fell from 27 per cent at the end of last year to less than 23 per cent.
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