Diabytes
China auto industry News
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For the home team of BMW, Daimler and Volkswagen, as well as European rivals such as PSA Peugeot Citroen, China`s downturn also threatens to weigh on already weak emerging markets and put a damper on recovering demand at home.
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Foreign carmakers that raced into China to profit from what has become the world`s biggest automobile market by volume have no intention of backing out despite slowing sales as the Chinese economy shifts down.
Vehicle sales had slipped 0.2 percent from 2014 in February.
Auto sales in China, the world's biggest car market, grew 2.8 percent year-on-year in October, an industry group said today, a slight acceleration from the previous month's weak result.
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