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China news, CNBC small business survey

Summary:
China Vehicle Sales Fall for 13th Month Vehicles sales in China decreased 4.3 percent from a year earlier in July 2019, the 13th consecutive month of decline, as the economy slows further amid the trade spat with the US. Sales of new energy vehicles (NEVs) tumbled 4.7 percent to 80,000 units, the first yearly drop in more two years, following China’s move to cut NEV subsidies last month. Interesting how the chart shows the belief trade policy would help increased for a bit before going back down:

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China news, CNBC small business survey

China Vehicle Sales Fall for 13th Month

Vehicles sales in China decreased 4.3 percent from a year earlier in July 2019, the 13th consecutive month of decline, as the economy slows further amid the trade spat with the US. Sales of new energy vehicles (NEVs) tumbled 4.7 percent to 80,000 units, the first yearly drop in more two years, following China’s move to cut NEV subsidies last month.

Interesting how the chart shows the belief trade policy would help increased for a bit before going back down:

China news, CNBC small business survey

WARREN MOSLER
Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory (MMT). Presently, Warren resides on St. Croix, in the US Virgin Islands, where he owns and operates Valance Co., Inc.

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