China Stocks Slide, Auto Sales Fall 10%, Inflation Rises
- Barry Adams
- U.S.A. New York City
China stocks took another dive as Covid-19 lockdown begins to bite activities. Auto sales in March fell 10% from a year ago to 1.58 million as factories remain constrained and supply chains are disrupted. Producer price inflation increased higher than expected 8.3% in March. Guangzhou, the manufacturing hub, closed in-person schools. The EV maker Niio on Saturday suspended vehicle production.
Annual Returns
| Company | Ticker | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| NIO Inc. | NIO | -51% | -27% | -61% |
| Alibaba Group Holding Limited | BABA | 2% | -13% | -25% |
| New Oriental Education & Technology Group Inc | EDU | -14% | 126% | 1440% |