Chinese Auto Sales Also Drop in November

When sales fall in China -the world's fastest growing market- then you know for sure that something is badly wrong with the global economy. According to the China Association of Automobile Manufacturers (CAAM), the country's car sales dropped 10.3 percent to 522,800 units in November from the same month a year earlier. This is the third month since August that car sales have been declining after a temporary rebound in October when sales grew a promising 8.4 percent.