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BMW Denied in China May Signal Dimmer Automaker Outlook

Bayerische Motoren Werke AG’s failure to win government approval to expand a factory in China is fueling concern global carmakers could find it increasingly hard to get projects approved by regulators in the country.

Shares of BMW partner Brilliance China Automotive Holdings Ltd. fell the most in almost four weeks in Hong Kong yesterday after China’s Ministry of Environmental Protection said it sent back an application, citing inadequate wastewater analysis and the plan’s failure to meet government anti-pollution targets. BMW rose 0.7 percent in Frankfurt trading.