【China's auto sales drops amid epidemic】
China reported sluggish sales of automobiles in January amid the novel coronavirus outbreak, industry data showed Thursday.
The country sold a total of 1.94 million vehicles last month, down 18 percent year on year, according to the China Association of Automobile Manufacturers (CAAM).
Meanwhile, vehicle output amounted to 1.78 million, declining 24.6 percent from the same period last year.
Sales and production of passenger vehicles posted a year-on-year decrease of 20.2 percent and 27.6 percent, respectively.
In January, new energy vehicle sales slumped 54.4 percent, while production dropped by 55.4 percent, said the CAAM.
The outbreak of the novel coronavirus has disrupted an estimated recovery of China's auto market this year after a challenging 2019, the CAAM said.
The epidemic is expected to weigh on consumer demand, drag down sales as carmakers and auto parts suppliers suspended production, and depress exports due to restrictions from other countries, said the association.
As a result, auto sales in the first quarter will see a significant drop, but sales are expected to rebound as pent-up demand unleashes after the epidemic is under control, it said.
While the production halt risks disrupting the global supply chain, the impact will be relatively short-lived as China's adequate capacity will soon catch up to make up for the losses, according to an analysis by Great Wall Securities.
（ Xinhua）
China reported sluggish sales of automobiles in January amid the novel coronavirus outbreak, industry data showed Thursday.
The country sold a total of 1.94 million vehicles last month, down 18 percent year on year, according to the China Association of Automobile Manufacturers (CAAM).
Meanwhile, vehicle output amounted to 1.78 million, declining 24.6 percent from the same period last year.
Sales and production of passenger vehicles posted a year-on-year decrease of 20.2 percent and 27.6 percent, respectively.
In January, new energy vehicle sales slumped 54.4 percent, while production dropped by 55.4 percent, said the CAAM.
The outbreak of the novel coronavirus has disrupted an estimated recovery of China's auto market this year after a challenging 2019, the CAAM said.
The epidemic is expected to weigh on consumer demand, drag down sales as carmakers and auto parts suppliers suspended production, and depress exports due to restrictions from other countries, said the association.
As a result, auto sales in the first quarter will see a significant drop, but sales are expected to rebound as pent-up demand unleashes after the epidemic is under control, it said.
While the production halt risks disrupting the global supply chain, the impact will be relatively short-lived as China's adequate capacity will soon catch up to make up for the losses, according to an analysis by Great Wall Securities.
（ Xinhua）
【每日一句】
聆听、理解、发问是关键。我们越频繁地向客户问问题，我们更能看清方向，客户承担越多的风险，设计师的创意也会因此受到质疑。—菲利普-阿琴塔基斯-马丁-拉利伯特
It is no secret:Iistening, understanding and asking questions are key. The more we ask questions to our clients, the more we look at the reality, the more likely risks are taken by the client and that's when he'll become creatively challenged.
作品来自插画师平面设计师Cinthya Álvarez。#UI中国·灵感分享##平面设计##设计美学##遇见艺术##艺术##画画#
聆听、理解、发问是关键。我们越频繁地向客户问问题，我们更能看清方向，客户承担越多的风险，设计师的创意也会因此受到质疑。—菲利普-阿琴塔基斯-马丁-拉利伯特
It is no secret:Iistening, understanding and asking questions are key. The more we ask questions to our clients, the more we look at the reality, the more likely risks are taken by the client and that's when he'll become creatively challenged.
作品来自插画师平面设计师Cinthya Álvarez。#UI中国·灵感分享##平面设计##设计美学##遇见艺术##艺术##画画#
In finance and economics, systematic risk (in economics often called aggregate risk or undiversifiable risk) is vulnerability to events which affect aggregate outcomes such as broad market returns, total economy-wide resource holdings, or aggregate income.In many contexts, events like earthquakes and major weather catastrophes pose aggregate risks—they affect not only the distribution but also the total amount of resources. If every possible outcome of a stochastic economic process is characterized by the same aggregate result (but potentially different distributional outcomes), then the process has no aggregate risk.
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