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Traders have been abandoning Chinese auto stocks as a price war started by Tesla and BYD spread across the whole industry, a sign of weak consumer sentiment amid pessimism about the pace of economic recovery.
China Jan-Feb trade slumps again as global demand falters
But some analysts cling to expectations that demand will soon soar.
Senior executives, department heads and economists at global financial institutions are upbeat about China's economic prospects as business activity returns to normal and the nation eyes further high-level opening-up.
A fall in China's exports for the January-February period pointed to continued weakness in demand for the country's products, backing government concerns that a global slowdown will be felt at home.