Depressed China Market Hits Sports Bikes in Particular
NANJING, China - It already became evident in the financial reports from companies like Giant, Merida and Shimano that have major interests in the Chinese market. Their revenues slumped last year due to the depressed state of the Chinese market and in particular the Chinese sports bike market. To which extent that market slumped and, more importantly, expectations on the near future has been highlighted at the recently held Asia Bike Show in Nanjing.
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