Pollution and austerity to slow China's auto sales

The China Association of Automobile Manufacturers forecast on Thursday that automobile sales growth will slow in 2014 as anti-pollution measures and austerity campaigns gain ground, Bloomberg reported. China will see deliveries rise as much as 10% in 2014 after last year’s 14% growth, the state-backed auto association said. “Vehicle sales in China are facing pressures brought on by environmental protection, traffic jams and more cities limiting purchases,” Shi Jianhua, CAAM vice secretary general said in Beijing. “Demand for imported luxury vehicles will surely decline as the official frugality campaign spreads beyond the government and affect companies and individual consumers.”