Prospects for Chinese cars in US markets remain distant
Detroit and Washington report suggest years before Chinese automakers sell in the United States. Industry observers say U.S. safety tests, dealer networks, and quality concerns slow progress even as firms plan models and seek market access.
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World Bank cuts 2015 forecast for global economy
The World Bank downgrades its 2015 global growth forecast to 3 percent due to stagnation in Europe and Japan and China’s slowdown, noting 2014 growth below expectations. Previous projections were 3.4 percent for 2015 and 2.8 percent for 2014.
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