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SHANGHAI-- Porsche AG expects China sales growth in the low double digits this year, according to its China CEO, as pushes to increase dealerships there by close to 50% by the end of 2015.
The forecast from the German maker of luxury sports cars comes despite lower China sales in May, which the executive said was expected.
Until recently, most exotic car makers enjoyed sales-growth rates in the high double digits in China, which has emerged as a top market for many. But it is also becoming an increasingly challenging market a s Beijing pursues its crackdown on conspicuous consumption and the economy slows. |
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