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From the perspective of carmakers, the “New Normal” includes increasingly intensified competition and slower growth. But for the year of 2016, the Chinese car market signals growth.

The FAW car and FAW Xiali published its Q3 performance announcements on October 14th afternoon, both companies shouldering huge losses. The FAW car has an overall loss between 124.2 to 154.2 million Yuan, while the data for FAW Xiali lies between 260 to 360 million Yuan.