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Economy

China's booming sharing economy hits a wall

Bike-sharers deprived of deposits while ride-hailers stuck with higher fares

A surplus of bicycles for rent in Guangzhou led the Chinese city to issue two bans on additional bikes.

GUANGZHOU -- China's sharing economy has accelerated like a speeding locomotive, but some wheels appear to be coming off the industry amid broken promises over bikes and a lack of competition involving cars.

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