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China's "Golden September" Stalls: Car Sales Crash 28% As Exports Become Lifeline
China's "Golden September" Stalls: Car Sales Crash 28% As Exports Become Lifeline
New data released by the China Passenger Car Association earlier on Monday show that China's peak car-buying season hit the brakes, with September passenger-vehicle retail sales plunging 28% from a year earlier as manufacturers increasingly relied on overseas buyers to cushion soft domestic demand.
The CPCA said in the report that retail sales fell to 1.62 million vehicles, marking a 12th consecutive monthly decline from a year earlier. Sales rose 5% from August.
The report showed that electric cars and...
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US Grows Only 1.5% In Q2, Badly Missing Estimates, Despite Strong Spending, Investment
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The US economy grew at a far weaker than expected pace in the second quarter despite a pickup in consumer spending and solid business investment. According to the BEA, GDP (inflation adjusted) rose just 1.5% in the period, according to the first estimate issued Thursday by the Bureau of Economic Analysis. This was well below the 2.0% median estimate.
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How Romania Came To Host A Post-9/11 CIA Black Site & Got US Cash Bonanza
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