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Declines - China - Auto Profits Keep Slipping
China -china.org.cn -Sept 06, 2005: -- Profits continued to decline for China's auto industry in the first seven months of this year, signalling that a restructuring is in the offing... The industry including auto making, engines, spare parts, motorcycles and refitted vehicles reported earnings of 26.7 billion yuan (US$3.3 billion) from January to July, down 45 percent from last year, according to statistics from the China Association of Automobile Manufacturers...
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