China Slashes Vehicle Sales Forecast To 3% Amid Stocks Rout
China slashed its forecast for vehicle sales in the world’s largest market, projecting deliveries to expand at the slowest pace in four years amid a stock-market rout that threatens to dent consumer sentiment. Total vehicle deliveries including trucks and buses will probably rise by 3 percent this year, down from the 7 percent projected in January, the China Association of Automobile ... Read News
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China's Stock Rebound Continues As State Media Say 'Confidence Has Been Restored'
SHANGHAI -- Shares continued their rally in China and Hong Kong on Friday, with the massive market-stabilizing measures taken by the Chinese government earlier in the week apparently convincing many investors that all hope was not lost, following a fall of more than 30 percent in the value of local stocks in the preceding three weeks. ... Read News
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Chinese Stock Plunge Continues, But Investors Still Expect US Impact To Be Limited, For Now
NEW YORK — Chinese officials are scrambling to stop a plunge in the country's stock market, shutting down half of its market from skittish investors and forcing brokerages to pony up billions to prop up shares. ... Read News
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