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China's passenger car sales rose nearly 14 percent in July, from a year earlier. The official China Association of Automobile Manufacturers said the growth marked the slowest monthly gain since March 2009.
The data showed the monthly auto sales stood at over 940-thousand units. Break-neck expansion in the world's biggest auto market has been slowing. Analysts have attributed it to the extraordinarily strong sales in 2009, propelled by government incentives. They also said signs of a slowing economy also hurt consumer confidence.
But thanks to government policy initiatives, China has been a major bright spot for the global industry over the past year amid a steep global industry downturn.