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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.

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