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China regulator approves joint venture set up by Mercedes-Benz and BMW Brilliance

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© Reuters. FILE PHOTO: The logo of Mercedes-Benz is seen outside a Mercedes-Benz car dealer in Brussels, Belgium June 1, 2023. REUTERS/Yves Herman/File Photo

BEIJING (Reuters) – China’s market regulator approved a joint venture set up by Mercedes-Benz (OTC:) (China) Investment Limited and BMW (ETR:) Brilliance Automotive Ltd, the State Administration for Market Regulation said in a statement released on Sunday.

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