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Asia300

SAIC Motor profit rises, but sales gain trails market growth

Chinese automaker sells nearly 6.5m vehicles in 2016

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Chinese automaker SAIC raised total sales to nearly 6.5 million in 2016.   © Reuters

SHANGHAI -- SAIC Motor enjoyed growth in both net and operating profit for 2016, but the Chinese state-owned automaker's increase in unit sales fell short of the overall domestic market expansion.

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