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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: China car sales drop amid slowing economy: state media AFP - Saturday, December 6 BEIJING (AFP) - - Car sales in China fell more than 10 percent in November as the global financial crisis eroded consumer confidence, state media reported. The number of passenger vehicles sold in November dropped to 522,800 -- a 10.3 percent year-on-year decline, the official Xinhua news agency reported late Friday, quoting the China Association of Automobile Manufacturers. The slump, which ended a small sales rebound in October, was attributed to weak consumer confidence as China's economy slowed in the face of the global crisis, Xinhua said. Economic growth in the world's most populous nation slipped to 9.0 percent in the third quarter of the year, its slowest pace in five years. The World Bank has predicted China's growth will slow further in 2009, rising by just 7.5 percent, the lowest level in 19 years. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy India promises to open nuclear sector to private playersAFP - 58 minutes ago Indonesia secures five billion dollar emergency loanAFP - 2 hours 8 minutes ago Australia's ANZ bank to cut 800 jobs before Christmas: reportsAFP - 2 hours 14 minutes ago Mongolia miners eyes Hong Kong listing -reportReuters - Saturday, December 6 Related Articles: Business India cbank cuts key rates by 100bps to boost growthReuters - 12 minutes ago Yuan moves not affecting farm trade - USDA chiefReuters - 52 minutes ago Pakistani c.bank sells 24.9 bln rupees of T-billsReuters - 55 minutes ago India promises to open nuclear sector to private playersAFP - 58 minutes ago Chairman: Tribune to sell Cubs by spring trainingAP - 1 hour 1 minute ago Enlarge Photo China car sales drop amid slowing economy: state media Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Diamond thieves pull off 100-million-dollar Paris heist Do not disturb eggs: MP reveals Britain's oddest laws Cruise ship runs aground in Antarctica Amid depression fears, Congress sets up votes on auto bailout Oil price falls below $40 View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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