AUTOSHOW-China export dragon stirs; western makers sanguine

Newswire

By Christiaan Hetzner PARIS, Sept 24 (Reuters) - The promise of massive car demand in China has spawned billions of dollars in new production plans, leading some experts to fear that overcapacity could help flood major export markets with bargain-priced Chinese-made vehicles. While global carmakers intend to invest about $13 billion to boost their annual assembly capacity in China to around six million cars by the end of the decade, domestic sales growth is expected to slow dramatically, ...

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