SHANGHAI – The 0.25% fall in Chinese auto sales in April is in line with the government’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. “This year, the auto industry will not see active growth because the government won’t allow it,” Rao says at a recent industry conference here. “Government will not tolerate growth much beyond 10%.” The China Association ...
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