Japan auto lobby chief warns of 'downward spiral' in China

General Motors' Chinese-made cars at a parking lot in Shenyang, Liaoning province in April 2014. The drop in consumer demand has prompted GM, VW and other automakers to cut China prices, threatening profit margins. (REUTERS)

July 23, 2015 05:00 AM

TOKYO (Reuters) -- The head of Japan's auto lobby said on Thursday that China's economic situation looked tough and that he could not be optimistic about the outlook for the country's auto market.

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