SHANGHAI â€“ The 0.25% fall in Chinese auto sales in April is in line with the governmentâ€™s desire for a cooler economy. Rao Da, chairman of the China Passenger Vehicle Assn. says rapid growth has led to problems of congestion, pollution and dependence on imported oil. â€śThis year, the auto industry will not see active growth because the government wonâ€™t allow it,â€ť Rao says at a recent industry conference here. â€śGovernment will not tolerate growth much beyond 10%.â€ť The China Association ...
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