Welcome
on East Filters
Looking for auto parts? Please click below.
Our products
Racor Fuel filter/Water Separator
Oil water separator parts
Sakura Filters Equivalent
Fuel filter accessory
Top Searches
Oil filter
Fuel filter
Air filter
Oil water separator
Fuel water separator
Racor
Volvo
Caterpillar
Benz
Perkins
Scania
Komatsu
MAN
HINO
Iveco
TOYOTA
Auto sales may not meet 10m forecast
CHINA'S vehicle sales may fall short of a forecast of 10 million units this year as slowing economic growth and a slumping stock market undermine consumers' purchasing power.
'It is possible that we can't make it to 10 million (units) this year,' Zhu Yiping, senior deputy secretary general of China Association of Automobile Manufacturers, said in a telephone interview with Bloomberg News yesterday. 'The economic fundamentals have an impact on all aspects including vehicle sales.'
China's vehicle sales dropped for the first time in 3 years in August, according to the association. China's key CSI 300 Index has fallen by over 60 percent this year as economic growth has slowed for four straight quarters.
Shanghai Volkswagen Co's sales fell 27 percent last month, the biggest decline among the top three car makers in the country.
'It is possible that we can't make it to 10 million (units) this year,' Zhu Yiping, senior deputy secretary general of China Association of Automobile Manufacturers, said in a telephone interview with Bloomberg News yesterday. 'The economic fundamentals have an impact on all aspects including vehicle sales.'
China's vehicle sales dropped for the first time in 3 years in August, according to the association. China's key CSI 300 Index has fallen by over 60 percent this year as economic growth has slowed for four straight quarters.
Shanghai Volkswagen Co's sales fell 27 percent last month, the biggest decline among the top three car makers in the country.