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| Saturday, August 30, 2008 05:56:06 |
Stock gains fuel car purchases
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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