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Chinese consumers in no hurry to buy as cars keep getting cheaper

General Motors reported on Aug 6 that deliveries fell in China for a third time in the past four months, down 4% to 229,175 vehicles.


BILL Shen wants to upgrade his eight-year-old Citroen to something fancier, maybe an Audi or a BMW. But the Shanghai resident is in no hurry. Cars keep getting cheaper.

Facing the slowest growth in new car sales in four years, dealerships in China have chipped away at