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Despite China's 14-month fall in car sales, major Japanese brands are bucking the downturn with increasing sales in the first eight months this year.

Describing Khalid as notorious, the official asserted that the death of Khalid could prove to be a major setback to the insurgents in Sari Pul and its vicinity.

Demographic changes are also causing a long-term economic shift. In the next few years, the last of the post-World War II baby boomer generation will retire－causing a rapid rise in European and US government payments for pensions and healthcare. The US and other governments have taken advantage of the low interest rate period to increase their borrowing. This allowed the government to ease short-term problems and avoid hard choices. But it cannot be sustained indefinitely.

Designed as a testing ground for economic reforms, FTZs aim to lower the threshold for business people to establish companies, further open up markets to foreign investment, and reduce restrictions on capital flows. They also offer special benefits to certain industries like e-commerce, legal services and logistics.

Despite the anticipation of a subsidy cut, Beijing Electric Vehicle, the country's largest electric vehicle maker, told China Daily the new plan will bring "some or even great pressure" in the short term, saying it does not rule out the possibility of price adjustments. Industry insiders said the subsidy reduction will put pressure on Chinese carmakers and the auto market in short term.