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China's car prices are likely to drop four percent this year, the National Development and Reform Commission forecast yesterday.

The industry planner said the price of Chinese-made autos saw a combined decline of 3.15 percent for the first three quarters this year after surveying 36 large and medium Chinese cities. The NDRC predicts that auto prices will maintain their decreasing trend in the fourth quarter.

(Shanghai Daily October 23, 2007)