Slowdown in growth forecast

08:45, January 10, 2011      

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German consulting firm Roland Berger said in a recent report that car sales in China will exceed 18 million units by 2015, but annual growth will decline substantially to 8 percent compared to more than 30 percent in 2010.

The report noted that fast GDP growth and rising disposable income will be the two main drivers in the car market.

Yet significant challenges ahead include currency appreciation, rising labor costs, tighter monetary policies, high unemployment and diminishing government stimulus, the report said.

Source:China Daily
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