China’s strict Covid-19 lockdowns in Shanghai and other industrial hubs are beginning to weigh on its economy, with auto sales slumping and consumer prices rising the fastest in three months.
Car sales in China dropped 10.5% year-over-year in March to 1.58 million vehicles as measures to contain the coronavirus outbreaks halted auto factories, slowed down car shipments and kept consumers from visiting car dealerships, the China Passenger Car Association said Monday.
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