China industry body ups 2012 car sales growth f'cast to 11 pct


BEIJING, July 26 (Reuters) - China's passenger car sales could rise 11.1 percent this year, faster than previously forecast and picking up from the first half of the year, a leading industry group in the world's biggest automobile market was cited as saying on Thursday. The China Association of Automobile Manufactures (CAAM) previously said it expected car sales to rise 9.5 percent this year, versus year-on-year growth of 7.1 percent in the first six months of the year. ...

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