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BREAKING NEWS

Chinese car sales growth slows

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Chinese car sales growth slows

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Sales of passenger cars in China rose at their slowest pace this year in May.

They were still up by 26 percent from May last year and China remains the world’s biggest car market as well as and the fastest growth major market.

Analysts pointed out that sales were artificially stimulated last year by government policies and are gradually returning to a slower but more rational growth rate.