Though China saw its exports recover in April, driven by the surging shipment of electromechanical, textile and plastic products, trade experts urged the country’s export-oriented companies to analyze global market demand as early as possible during the post-pandemic period to stay competitive.
In the light of the major economic crisis facing the auto industry due to COVID-19, the European Automobile Manufacturers’ Association (ACEA) has radically revised its 2020 forecast for passenger car registrations down to about −25%.
Source: European Automobile Manufacturers Association