China’s new-vehicle sales increased 8.3% year-on-year in August to 1.49 million units, the China Association of Automobile Manufacturers reports. Production rose 7.8% to 1.5 million units. The government’s Xinhua news agency reports the CAAM figures show passenger-vehicle sales climbed 8.1% in the year’s first eight months to 10 million units, while production grew 8.7% to 10 million. In a reflection of China’s slowing economy, year-to-date commercial-vehicle ...
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