China auto sales fall in November

Chinese passenger car sales fell 10.3 percent in November from a year ago. The stalling economic growth has hurt consumer confidence. Thus China wants to improve that confidence in order to promote spending once again. 

This news is disturbing because China is already the world's second-largest auto market. One area in which people tight on money have cut back spending is in automobiles. The sales of sedans, sports utility vehicle, and multipurpose vehicles also dropped.

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