(Source: Beijing Municipal Government) Car-hailing might hinder growth of the new purchase market in China, as the services have been granted legal status while local governments in major cities are restricting the registration and the use of vehicles. With the introduction of the new regulation on car-hailing services, residents in major cities are being encouraged to use mobility services rather than make car purchases. 'The online car-hailing services better meet customers' needs, and will develop to be safer and more convenient under the government's official regulation. Car ownership, on the other hand, is being discouraged by means of restrictions on car purchases and use,' said...
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