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China's October car exports stay resilient, falling domestic sales yet to hit bottom

Reuters

BEIJING, Nov ‌9 (Reuters) - China's car exports maintained momentum ​in ‌October while a persistent ‌decline in domestic sales piled pressure on ‌automakers to push deeper into overseas markets, fanning the prospect of ⁠fiercer competition abroad.

Passenger ‌vehicle shipments overseas ⁠jumped 68.2% to 932,000 ​last month from a year earlier, easing ​from September's rise ​of ‌73.2%, data from the China ​Passenger Car ⁠Association showed on ‌Monday.

Sales at ​home dropped ​27.3% year on year to 1.65 million cars, narrowing from a ‌28.1% fall in September, for a 12th ‌straight ​month of declines.

(Reporting by Qiaoyi Li, Zhang Yan and Ju-min Park; ‌Editing by Clarence Fernandez)