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11 Dec
00:00

Chinas car production growth slows further

China produced 2.16 million automobiles in November, up just 1.24% year-on-year, according to the China Association of Automobile Manufacturers (CAAM). The slowdown in the domestic economy and tight credit have caused car sales to slow significantly from the rapid growth seen over the last several years, Kallanish notes. Over January-November China produced 21.43 million vehicles, up 7.21% y-o-y. However, most of that growth came early in the year and it rem…
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