Retail in Asia

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GM, Honda report strong sales growth in China

General Motors Co. and Honda Motor Co. both reported strong growth in car sales in China for July, despite an industry-wide slowdown in the country and increased competition.

GM said on Monday that it and its joint ventures sold 199,503 vehicles in China during the month, up 15 percent from a year earlier and a monthly record for the company, while Honda said it sold 52,045 vehicles in country through its two joint ventures, more than double its tally in the same month last year.

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(Source: The Wall Street Journal Online)