BEIJING — China is predicting that market demand for passenger cars will reach 545,000 units in 1999, sustained primarily by private buyers. The optimistic forecast comes at the same time economists are predicting that weak domestic consumption and declining exports will pull down China's gross domestic product growth even lower, to 7% this year from 7.8% in 1998. The forecast reportedly is based on average yearly sales, GDP, capital investment, total consumer retail sales, consumer ...
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