Via Bloomberg on Chinese automotive:
…when January sales figures came out, they were up just 0.8 percent from a year earlier, compared with an average 14 percent pace of growth through 2016. Optimists’ hopes were undimmed: The timing of Lunar New Year made January an unusually short sales month, and their confidence looked to have been validated when February data showed a respectable 9.2 percent growth rate for the two-month period.
…Great Wall, the country’s biggest maker of SUVs, on Thursday announced a 1 billion yuan ($145 million) discount promotion for its Haval cars. Chongqing Changan Automobile Co. had also started a “heavy” promotion campaign, Bin Wang, an analyst at Credit Suisse Group AG, wrote in a note.
