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Companies

Porsche defies China slowdown thanks to rich millennials

Sales grew 4% in first 10 months despite overall market decline

Porsche's sales growth in the first 10 months of this year was helped by strong demand from young Chinese entrepreneurs.   © Reuters

HONG KONG -- Porsche, the German maker of luxury sports cars, appears to be defying the overall decline in China's automobile market, as younger buyers are still keen to splash out on luxury wheels.

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