Growth of China's new-car sales slowed to 25% in May, as dealers moved 885,800 units, the China Automotive Technology & Research Center (CATRC) reports. The result was down from April’s 34% increase. CATRC blamed falling stock prices for eroding wealth as consumer prices continued to rise, the government’s Xinhua news agency reports. CATRC Director Zhao Hang is quoted as saying vehicle production of 1.31 million units in May was down 14.4% from the previous month, although still up ...
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