Sluggish demand and deflationary prices combine to spell a drop in profits for two of China's largest automakers. Tianjin Automotive Co. Ltd. and Dongfeng Automotive Corp., both of which went public in June on China's stock exchanges, report feeble profits for the year's first half. Officials from both carmakers reportedly are quick to blame the stumble on slow demand and lower prices, economic factors that are currently prevailing throughout China's business sectors. Tianjin Automotive, ...
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