TEXT-Fitch:China autos - firm prospects beyond current slowdown

Newswire

(The following statement was released by the rating agency) Apr 27 - The Chinese auto market has significant growth potential over the medium to long term, notwithstanding negative unit sales growth in Q112. Competition is likely to intensify from additional capacity scheduled to come on stream throughout 2012, which could clearly mean greater pricing pressure. The Chinese market remains a key focus for the Korean and Japanese automakers, which are continuing to expand their operations ...

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