Carmakers focus on China as scorching market slows

The global car industry gathers for its biggest annual event in China as analysts say the brakes are coming on in the world's number one auto market, with the slowing economy dragging on vehicle demand. China's auto sales growth is projected to bump along at an average five percent annually over the next five years as a weaker economy takes its toll, consulting firm McKinsey said in a report ahead of the Beijing Auto Show, which opens on Monday. "After years of double-digit growth, China’s