China auto sales increase in May: industry group
Car sales in China, the world's top auto market, increased at a faster pace in May than the previous month, an industry group reported Monday, despite continued woes in the country's economy. A total of 2.09 million vehicles were sold in China last month, up 9.8 percent from a year ago, the China Association of Automobile Manufacturers (CAAM) said in a statement. Some economists have predicted China's expansion will slow further in the second quarter.
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