A fall in China 's automobile sales due to the country 's financial downturn , as we noted previously , is already hitting the export market , with importers and refiners having to adjust their price books . Even moves to cut the cost of car - imports would not be enough to speed up auto sales or increase demand for oil say analysts . HSBC researcher , Frederic Neumann says " a lot more will need to be implemented , including monetary and fiscal easing , to help stabilise growth " .
A fall in China's auto sales due to the country's financial downturn, as we noted previously, is already hitting the oil markets, with importers and refiners having to adjust their order books. Even moves to cut the cost of car-financing may not be enough to drive up auto sales or increase demand for oil say analysts. HSBC researcher, Frederic Neumann says "a lot more will need to be done, including monetary and fiscal easing, to help stabilise growth".