JOC Staff | Dec 31, 2012 9:09AM EST
Chinese sales of heavy-duty trucks declined in the third quarter of 2012, a reflection of slowing manufacturing and overall economic activity in Asia's largest trading center, according to ACT Research.
The 7.4 percent growth in GDP for the quarte rwas the slowest rate since 2009, according to a recent report issued jointly by industry analyst ACT and China’s State Information Center.
“Domestic factors as well as the European debt crisis continued to exert a negative influence on China’s GDP,” said Frank Maly, director of commercial vehicle transportation analysis & research at ACT, in a written statement. “China’s real estate investment slowed, leading to a rapid decline in overall investment growth.” China’s GDP growth is expected to remain in the 8 percent to 9 percent range through 2017.
