Beijing
China’s auto market has rebounded smartly from the Covid-19 crash in recent months, especially for high-end cars, but questions about the durability of that recovery hung over the Beijing autoshow that started on Saturday.
A rare industry event being held in person during the pandemic, the show marks a triumph for the world’s biggest car market, pummelled from late last year as lockdowns froze economic activity in the country where the disease erupted.
However, this show will be a far cry from the usual ebullience as fewer attend, new models are scant and prospects remain uncertain.
Among the bright spots: the Chinese market’s sharp bounce since April, strong demand for midsize to large luxury vehicles and a flood of interest and investment in electric vehicles.—Agencies
