China’s car sales in October fall 0.8% y/y

BEIJING (Reuters) -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% to 2.27 million units last month versus a 6.6% increase in September, data from the China Passenger Car Association showed on Monday.

(Reporting by Qiaoyi Li, Zhang Yan and Brenda Goh; Editing by Jacqueline Wong)