China’s auto industry is in trouble.
A year ago, it was a big, profitable market.
But as China struggles to recover from the effects of a massive wave of smog and pollution that started in late 2015, its market has slowed.
In 2016, China’s gross domestic product fell 6.4% and auto sales slumped 5.9% from a year earlier.
As of May, auto sales in China were down 12% year over year.
Auto sales fell by more than 1.2 million cars in the past year, according to the World Automotive Dealers Association.
China’s government has been trying to contain the problem by introducing new emissions standards, banning foreign investment and cracking down on local auto companies.
China will introduce a nationwide sales tax in 2020, and China Auto Union estimates that China will have more than $300 billion in vehicle sales by then.
The economy has grown so quickly that car sales have become a bigger part of the economy than the U.S. economy, which has grown by nearly 30% over the same time period.
That’s not the only reason why Chinese car sales are so bad.
It also means that cars are being manufactured in such large numbers that Chinese companies can’t make them at all.
In some cities, the factories aren’t even running anymore.
“I would have thought that the Chinese industry would be doing better,” said Kevin Schoettle, an economist at the McKinsey Global Institute who has researched the auto industry.
But Chinese companies have been losing ground on American car makers like GM, Ford, and Chrysler.
The industry’s problems are partly a product of a complex supply chain, said John Sargent, who researches China’s car industry at the Brookings Institution.
“China has the ability to make cars in a very short amount of time, and there’s not a lot of supply chain risk,” Sargant said.
The auto industry has struggled to find ways to compete with Chinese rivals like Ford and GM.
As a result, China is losing market share in many parts of the world.
In China, only about 6% of vehicles sold last year were domestically produced, according the Chinese Auto Industry Association.
It is expected to lose that share to the U, Japan, and Korea by 2020.
It may be difficult for Chinese automakers to find a way to compete in the U., Japan, or Korea.
The U.K. and France, which have been investing in new cars, have been the biggest buyers of Chinese cars.
But in the United States, China has struggled.
The number of new vehicles sold per person in the country fell for four straight years in 2017, the lowest in a decade, according in a new report from the American Automobile Association.
In 2017, China accounted for just 0.7% of all new vehicle sales.
And the industry is losing ground in other key markets.
In Europe, sales of Chinese-made cars were down 2.9%, while European imports were up 5.3%.
In the U: U. S. auto sales fell 4.5% last year, the biggest drop since the end of the Cold War.
China lost 1.6 million cars last year.
The reason is clear: Chinese companies are increasingly producing vehicles in factories far from their homes, and they don’t have enough workers to handle the new orders they are receiving.
China has been a major destination for cars made in China, but there are more people working there.
The United States has long relied on Chinese manufacturers to build cars in its manufacturing centers, but that is no longer the case.
Now, U.s. auto dealerships are finding it harder to compete for orders from Chinese carmakers.
The biggest culprits in the supply chain are local carmakers like DaimlerChrysler and Ford, which make parts for the Chinese market.
Chinese car manufacturers have been buying parts for cars they build in China.
This creates a glut of parts in the auto market.
It’s a problem that is compounded by China’s new regulations.
China is now banning imports of certain parts, and the U of S. has imposed its own restrictions on certain parts of its auto market in response.
Some car companies, like Ford, have had to start making their own parts, like tires.
“It’s not an easy industry to run,” said Brian Johnson, the president of Johnson Auto, a maker of new cars.
“The big challenge in this industry is that you can’t do anything without the help of the suppliers.
There are suppliers who are not in a position to buy parts from China.
The only way to make things and sell them is to buy their parts, which are very expensive.”
The problem is not limited to China.
In India, a growing number of companies are struggling to make money, as their products are often cheaper there.
That has put pressure on the Indian auto industry, which is trying to make the cheapest cars possible.