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Chinese publication retracts claim on car resale ban, but regulation of manipulative sales tactics is expected.
A Chinese automotive publication, Auto Review, has retracted its claim that regulators plan to ban the resale of cars within six months of their registration to target the "zero-mileage" used car market.
The initial report, which cited the Ministry of Industry and Information Technology (MIIT), was found to contain inaccuracies.
The updated article now states that MIIT is working with other agencies to regulate the zero-mileage market without specifying a timeline or ban.
The practice involves registering unsold cars to inflate sales figures, then reselling them at a discount.
Despite the retraction, industry watchers expect Beijing to pressure the sector to curb manipulative sales tactics.
La publicación china se retracta de la afirmación sobre la prohibición de la reventa de automóviles, pero se espera la regulación de las tácticas de venta manipuladoras.