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China industry body cuts 2022 auto sales growth forecast to 3pc

CNA – China’s automobile industry association downgraded its 2022 sales forecast yesterday as anti-pandemic measures weighed on the economy and its car market, the world’s largest. The industry will sell 27 million cars this year, up three per cent on 2021, the China Association of Automobile Manufacturers forecast, cutting its outlook from the 27.5 million
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