BEIJING (Reuters) -China's state news agency said on Tuesday some automakers were "drastically" inflating pre-sale orders, warning such a practice can mislead consumers and investors and harm the industry's future. The Xinhua Daily Telegraph, a newspaper published by Xinhua, didn't name any of the automakers but alleged some asked employees to place refundable deposits to create an illusion of strong pre-sale performance while some had engaged with "a grey industry chain" offering the order-padding services. The orders reported by the automakers lack oversight from third-party agencies and usually far exceed their actual deliveries, it said. "Such inflated orders are raising alarm within the industry," the newspaper said, adding the practice has drawn regulatory attention. China's industry

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