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BEIJING - China Telecom, a leading mobile operator in China, reported a 13.9-percent year-on-year increase in net profits in 2018, the company announced Tuesday.
Auto experts said that the traditional "golden September and silver October", which refers to the period of best market performance each year, is fading as sales didn't meet expectations.
Audi sold a total of 48,000 vehicles in China in May, just behind German rival Mercedes Benz's figure of 50,000 for the month.
Attributing the drop to seasonal factors, He Hui, director of the China Logistics Information Center, said growth momentum of express delivery businesses, boosted by online consumption, remained strong.
Auto industry authorities will push manufacturers to meet aggressive sales targets for plug-in and hybrid vehicles of 7 percent of all sales in 2020 and 19 percent by 2025.
