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Automobiles

As China market shrinks for second year, automakers plan retreat

Ford lays off staff, while PSA seeks to exit joint venture

Changan Ford Automobile is laying off workers after sales dropped by half in 2019. (Photo by Takashi Kawakami)

BEIJING -- New-auto sales in China fell for a second straight year in 2019, showing the impact of an economic slowdown that has forced automakers to scale back operations in the world's biggest market.

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