China considers relaxing auto purchase curbs to boost consumption

BEIJING (Reuters) - China unveiled measures on Tuesday to help boost consumption, including the possible removal of restrictions on auto purchases, as growth in the world's second-biggest economy falters amid mounting U.S. trade pressures. The State Council or cabinet said in a statement that local governments that have restrictions on auto sales should explore gradually relaxing or removing those curbs, while they should also encourage the purchases of new energy vehicles.European auto stocks..