Mar­ket slow­down to squeeze au­tomak­ers

China Daily (Canada) - - BUSINESS -

Au­tomak­ers in China will face greater pres­sure on their profit mar­gins as the mar­ket slows and com­pe­ti­tion in­creases, rat­ings agency Fitch Rat­ings Ltd said on Tues­day. China will see an­nual growth in pas­sen­ger ve­hi­cle sales slow to 5 per­cent over the next five years, due to the eco­nomic slow­down and re­stric­tive poli­cies on car pur­chases and us­age in big cities. De­mand from smaller cities will be the ma­jor growth cat­a­lyst, while sport util­ity ve­hi­cles will con­tinue to gain mar­ket share from sedans.

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