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UPDATE – China’s car sales fell at faster pace in April, more price cuts expected

THE WIRE WITH UP-TO-THE-MINUTE UPDATES

(Added data released by China Association of Automobile Manufacturers on Monday )

 

China’s car sales fell at a faster pace in April despite stimulus measures introduced by the government to increase spending on automobiles and two rounds of price cuts. Analysts expect carmakers to start a new round of price cuts soon to boost sales in the world's largest automobile market.

China's car sales fell 14.6 per cent in April from a year earlier, making the . . .

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