ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Chinese cities ease car ownership rules to drive slowing market

Volkswagen and Geely welcome move by Guangzhou and Shenzhen

Vehicle sales in China, the world's largest auto market, fell 14.6% on a yearly basis in April.   © Reuters

HONG KONG -- Two of China's biggest metropolises have moved to relax car ownership restrictions as the country looks to revive growth in an auto market that suffered its first full-year decline in almost three decades.

Southern Chinese cities Guangzhou and Shenzhen have taken the lead, after the central government last month urged localities to take steps to encourage car purchases.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more