These days, China is no place for the squeamish. Auto makers are rushing in with plans for huge investments as they look to cash in on what is expected to be the world’s hottest new-car market over the next 15 years. But there’s also the specter of an economic slump on the horizon, which, along with the inevitable pressures of increased competition, is expected to make it tougher for manufacturers to see a return on their growing investments. And that has some analysts preaching ...

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