China's car sales in October fall 0.8 percent y/y

China's car sales fell in October from a year earlier, snapping an eight-month growth streak, as consumer sentiment weakened amid reduced tax exemptions and government subsidies.

Car sales edged down 0.8 percent to 2.27 million units last month, versus a 6.6 percent increase in September, data from the China Passenger Car Association showed on Monday.

Reuters