Retail in Asia

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China’s auto sales growth slows to 14pc

Auto sales in China grew 14 percent in July from a year earlier to 1.2 million units, a semi-official industry group said on Monday, marking a deceleration from growth rates earlier in the year.

By comparison, China’s January-July vehicle sales rose 43 percent to 10.3 million units, the China Association of Automobile Manufacturers said in a statement, without giving year-earlier figures.

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(Source: The Wall Street Journal Online)