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Slower growth on China’s car market

Due to falling demand for commercial vehicles, the Chinese Automobile Association CAAM has lowered its sales forecast for the current year. For the whole year, the organization expects to deliver 27 million new cars, trucks, and buses – half a million fewer vehicles than its original forecast in December. Year-on-year growth is expected to be just 3 percent – down from 5.4 percent – according to data released on Monday.

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