Short torque

Rental firm to franchise

China Auto Rental Holdings Inc recently began to expand by allowing franchise stores outside the 66 cities where it has already established a presence with its wholly owned chain stores. Company CEO Lu Zhengyao said that the company on its own cannot meet huge consumer demand and would like to share resources with partners throughout the country. The move is expected to help the company expand rapidly, especially in third-and fourth-tier cities, analysts said.

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