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Japan’s Honda cuts profit forecast as sales in China slump
Honda Motor Co., one of the Japan’s largest carmakers, revised its full-year profit forecast by as much as 20 percent after sales in China slumped due to the territorial dispute between the governments of Asia’s two largest economies.On the 29th of October, Honda Motor Co. released its earnings and it informed that the full-year profit forecast was revised after its sales in China were affected by the territorial dispute over East China Sea islands.
