This is not shaping up as another record year for vehicle sales in China. At midyear, the Chinese Association of Automobile Manufacturers cut its growth forecast of vehicle wholesale deliveries to 5% from 10%-15% for 2011. And in recent CLSA Asia-Pacific Markets studies, Beijing-based analyst Scott Laprise calls for retail sales to rise only 1% this year to 18,261,393 units. That still leaves China as the world’s largest automotive market, but the year-over-year gain is anemic compared ...

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