China car sales edge down in Feb: industry group

Auto sales in China, the world's largest car market, decreased marginally in February from a year ago, data from an industry group showed Thursday, in a gloomy signal for the Chinese economy. A total of 1.58 million vehicles were sold in the country last month, down from 1.59 million in February 2015, figures provided by the China Association of Automobile Manufacturers (CAAM) showed. Vehicle sales in China rose nearly five percent to 24.6 million last year while expansion of gross domestic prod