China’s consumer confidence has risen sharply from a year ago, with wage earners expecting a 6.1 per cent real growth in income in the next six months, according to a new survey.
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Billionaire Wang Chang-fu, chairman of mainland China car and battery producer BYD, said on Wednesday that sales growth of the company’s new energy vehicles(NEV) will decelerate this year due to cuts in government subsidies for green energy cars.
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