"They're becoming more supportive and more nationalistic when it comes to Chinese brands," he said. They're still travelling overseas, but they're going not so much to America or the UK; they're now going more closer -- so Thailand and Japan. So in 2019, the premiumization drive that a lot of people said consumers would do is over, and they're now trading down. They're going to continue to double-digit (sales) drops this year. A. It’s too expensive to own a car in China, and a lot of Chinese -- younger Chinese especially -- tell us they don't even want to drive.

Source: Forbes March 17, 2019 05:55 UTC