Retail in Asia

In Sectors

Slower car sales growth expected in China

China’s vehicle sales growth may slow to 15 percent this year from more than 40 percent in 2009, according to Miao Wei, Vice-Minister of China’s Ministry of Industry and Information Technology. The "cautiously optimistic" forecast comes after stimulus measures helped the nation sell more than 13 million cars and trucks last year, said Miao.

(Source: scmp.com)