Financial Times FT.com

China in push to prop up local carmakers

By Patti Waldmeir in Shanghai

Published: January 5 2009 17:40 | Last updated: January 5 2009 17:40

The Chinese government plans to support the car industry, the second-largest in the world, with the aim of ensuring sales growth of about 10 per cent in 2009.

The move is part of the continuing effort to stimulate the economy and shield the country from the effects of the global economic crisis.

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