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The head of Mercedes-Benz Ole Kalenius said that the decline in the Chinese car market was greater than expected, reports Reuters. According to him, since the beginning of the year the Chinese car market has shrunk by 22%, while in the premium segment the decline has reached 30%. The top manager also noted a general decline in expectations of the world's largest automobile market compared to the situation twenty years ago.

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The head of Mercedes-Benz Ole Kalenius said that the decline in the Chinese car market was greater than expected, reports Reuters. According to him, since the beginning of the year the Chinese car market has shrunk by 22%, while in the premium segment the decline has reached 30%. The top manager also noted a general decline in expectations of the world's largest automobile market compared to the situation twenty years ago.

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