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China car sales to slump in 2026 if Beijing scraps subsidies, JPMorgan says

✍️ Daniel Ren 📅 October 23, 2025 07:30 AM 🕐 Scraped: October 23, 2025

Summary: The bank predicts flat sales at best – and a 5 per cent decline at worst – because incentives have merely brought demand forward.

Car sales in mainland China are likely to slide in 2026, breaking a six-year streak, if Beijing stops granting cash subsidies and tax incentives to buyers, according to a JPMorgan foreca

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📝 Article Information

Author

Daniel Ren

Original Publisher

🌍 South China Morning Post

CENTER Bias (0.0)

Published Date

October 23, 2025 at 07:30 AM

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