China Auto Sales Rising Most in 17 Months Spurs Inventory ReliefBloomberg News
Passenger-vehicle sales rose 23% to 1.6 million units in July
Inventory index at 11-month low, dealers association says
China’s passenger-vehicle sales accelerated the most in 17 months, as General Motors Co. and Guangzhou Automobile Group Co. boosted deliveries and dealers offering discounts helped clear inventories in the world’s biggest auto market.
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