China 2015 auto sales growth hits three-year low

Vehicle sales in China, the world's largest car market, increased at their slowest pace in three years in 2015, industry group data showed Tuesday, as slowing growth and volatile stock markets hit demand. A total of 24.60 million cars were sold last year, up 4.7 percent from 2014, according to the China Association of Automobile Manufacturers (CAAM). CAAM secretary general Dong Yang estimated that purchase restrictions imposed in big cities pulled auto sales growth down by up to eight percentage