Car sales in China are forecast to slow sharply this year as stimulus measures designed to boost demand are set to end.
Sales are expected to increase 5 per cent in 2017, a significant drop from growth of 13.7 per cent last year, which was the fastest rate since 2013 despite a broader economic slowdown.
Growth in 2016 exceeded expectations due to tax incentives on smaller vehicles, which China’s Ministry of Finance has confirmed will be phased out by 2018.
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