Two Sessions 2020: China’s shaken millennials look to state incentives to recharge auto industry spending

By most observations, China’s automotive industry is on a slippery slope. Sales and production have declined for the past two straight years, while concerns about pay and job cuts have clouded the industry prospects.“I’m asking myself whether I really need to own a car,” said Huang Can, a 25-year-old Shanghai resident and employee of a food processing plant, who was planning to buy a car before Covid-19 struck. “My salary has been reduced and the expected huge discounts by car companies did not…

Read the original article at South China Morning Post