China's new-vehicle sales climbed 13.8% year-on-year to a January record of 1.89 million units, despite a 60% drop in demand in Beijing. Production rose 11.3% to about 1.8 million units, the China Association of Automobile Manufacturers reports. Growth slowed from December’s 17.9% increase as government incentives ended and new limits on car ownership kicked in, the government’s Xinhua news agency reports. Sales of passenger cars, including sedans, SUVs and multipurpose vehicles, rose ...
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