Burgeoning Freight and Logistics Demands to Fuel Recovery of China’s Commercial Truck Industry
Frost & Sullivan Manufacturing
MARCH 31, 2024
This was attributed to, among factors, decelerated economic growth, reduced trade transactions, subdued manufacturing activities, pandemic effects, rising crude oil prices, a volatile real estate sector, stricter emission standards, and shrinking market demand. Commercial truck sales in China plunged from 3.7 million units in 2021 to 2.4
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