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Car sales slow in China

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Car sales slow in China

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China the world’s largest car maker will see growth remain stagnant in the absence of incentives for buyers and the country’s tight credit control.

That’s the opinion of industry executives attending a car show in Guangzhou. While prospects for the long-term outlook for the country are positive short term prospects are not promising among economic uncertainties, say analysts who believe the slow growth could lead to a cut in prices.