According to the most recent China Commercial Vehicle Outlook, jointly published quarterly by ACT and SIC, China’s State Information Center, China’s GDP decelerated to 7.4 per cent in the third quarter of 2012 – the slowest pace since 2009.
The report includes an overview of the China economy and a review and forecast of China’s heavy- and medium-duty truck and bus markets, as well as analysis of OEM market shares within China.
“Domestic factors as well as the European debt crisis continued to exert a negative influence on China’s GDP,” said Frank Maly, director of commercial vehicle transportation analysis & research at ACT. “China’s real estate investment slowed, leading to a rapid decline in overall investment growth,” he added.
Domestic sales of Chinese heavy duty trucks continued downward in Q3, and China’s GDP growth is expected to remain in the eight to nine per cent range through 2017. Maly did not comment on the effect on the trailer segment, albeit it is closely linked to the heavy-duty truck market.