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Consumer and Retail

Stock gains fuel car purchases
By STAFF EDITOR
Published: September 10, 2007 09:48 PM
China’s passenger car sales jumped 26.77% year-on-year in August, the fastest pace in eight months, China Auto News reported, citing figures released by the China Association of Automobile Manufacturers. Stock market earnings have been a major driver of increasing auto sales, the newspaper said. The benchmark Shanghai Composite Index has almost doubled since mid February, making it the world’...
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