Chinese Auto Industry, On Brink of Collapse, Gets a Truly Brutal Gut Punch
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Chinese Auto Industry, On Brink of Collapse, Gets a Truly Brutal Gut Punch

The Chinese auto industry could be headed for calamity after at least six cities across the country suspended trade-in subsidies for car purchasers, partly due to government funding running out. This action could slow new car sales and hinder a vital industry for the second-largest economy in the world, according...