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News Summary: China’s auto sales growth slows

By The Associated Press
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AUTO SALES GROWTH SLOWS: Growth in China’s auto sales slowed in July, another signs of weakness in the world’s second-largest economy. Auto sales spiked in 2009 and 2010 after Beijing responded to the global crisis by cutting taxes and offering subsidies. But growth has dropped since those incentives ended and the economy’s expansion slowed.

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