‘Golden September’ loses luster, underscoring growing reliance on exports
A BYD dealership in Shanghai: Chinese automakers face declining domestic sales, forcing them to rely more heavily on export growth. © Reuters
GLORIA LI
October 12, 2026 15:46 JST
HONG KONG — China recorded its sharpest drop in monthly passenger car sales so far this year, dashing many carmakers’ hopes for a revival of domestic demand in the traditional peak shopping season.