“However, unless concrete support is rolled out soon, the recent downturn in demand risks becoming self-reinforcing. And even if we do get the promised stimulus, it is likely to be fairly restrained.” A document released by the State Council outlined a series of industry segments where it would seek to boost consumption, now seen by the leadership as having a key role in economic growth. However, the document headlined “Resuming and Expanding Consumption Measures” was broad and often light on detail. Measures to boost care sales included the removal of restrictions on second-had vehicle purchases, increased financial support for such...