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Foreign automakers double down on China bets despite slowing growth

2015-04-19 10:35:56| Auto Dealers - Topix.net

Foreign automakers continue to plough money into factories in China, the world's largest car market, even as the biggest economic slowdown in a quarter of a century crimps sales growth. That's in spite of the economic slowdown further depressing the car market in January-March, when sales grew only 3.9 percent, compared to 9.2 percent a year ago and way below the 7 percent growth that the China Association of Automobile Manufacturers predicts for this year.

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