China car market on verge of rare annual contraction after Oct sales slide

BEIJING (Reuters) - China's automobile sales fell 11.7 percent in October, bringing the world's biggest car market closer to an annual contraction not seen since at least 1990.Data from the country's top auto industry association released on Friday showed 10-month cumulative sales falling, amid broader slowing economic growth and a biting trade war between China and the United States.The China Association of Automobile Manufacturers (CAAM) said overall vehicle sales for January-October totalled..