Executives of Chinese carmakers expect to see car demand slow to 3%-10% growth in 2012 due to...

|By:, SA News Editor

Executives of Chinese carmakers expect to see car demand slow to 3%-10% growth in 2012 due to tightened bank lending and strict government policies - ending a run of spectacular growth. The exception may be the burgeoning high-end market where "nimble" firms such as Volvo (VOLVY.PK) and BMW (BAMXY.PK) could clock gains as high as 40%-50%.