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Business trends

China car sales poised for first annual drop in 28 years

Trade war dampens consumer confidence, leading to double-digit dip in October

An automobile terminal at the port of Dalian in China's Liaoning Province. China's new-car sales have fallen year on year for four straight months as consumers face an uncertain economic outlook.   © Reuters

BEIJING -- Chinese new-car sales are on track to decline in 2018 in what would be the first drop on a full-year basis since 1990, in a further indication of a slowing economy.

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