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China October auto sales up 72 percent on stimulus

BEIJING (AP) — Powered by tax cuts and stimulus spending, China's October auto sales soared 72 percent from a year earlier, outpacing U.S. sales for another month, according to data reported Monday.

Automakers sold a total of 1.2 million cars and trucks, the government-sanctioned China Association of Auto Manufacturers announced.

That was down from September's 1.3 million but well ahead...

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