China President Hu Jintao, in a speech in late November, issued a brutal warning that the global financial crisis was threatening to undermine three decades of expansion in China. While the economic meltdown has yet to impact the country as deeply as the gloom and doom in the U.S. and Europe, China's domestic auto industry, one of the pillars helping underpin financial stability, already has begun to bruise. And analysts say harsher hits are inevitable. Foreign investment in China is ...

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