News Summary

• China's car sales fell for a 10th straight month in July, though the pace of decline eased.
• The decline underscores broader strains in China's economy, where sluggish ‌household spending has left exports accounting for a greater share of growth.
• Sales at home slid 21.1% last month from a year earlier to 1.47 million vehicles.
• By contrast, electric vehicle and plug-in hybrid exports grew 147.8% year-on-year, versus a 3.9% drop in their domestic sales.