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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (3794)	11/26/2004 2:56:35 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

China risks 'hard landing' By David J. Lynch, USA TODAY BEIJING — Don't tell car salesman Wang Xin that the Chinese economy is growing too fast. At the Volkswagen dealership on Jingshun Lu where he works as sales manager, monthly sales fell from a peak of 97 cars in January to just 31 last month. They will probably remain around that level for the next year. "I don't think it's going back to the way it was before," Wang, 28, said ruefully. By David Lynch, USA TODAY Farmer Zhou Dejun used part of his profits this year to buy a cell phone. Wang's woes are no accident. In March, the government enacted tough new auto loan requirements, part of a series of administrative measures aimed at taking the froth out of the world's fastest-growing economy. Required down payments were increased to at least 30% from 10% and maturities were trimmed to three years, down from five. ... usatoday.com