Vehicle imports to China hit a record $6 billion over the year’s first 10 months, with imports up 55% year-on-year to 100,000 units. Passenger cars make up 56,000 units of the total, says China’s International Business Daily. Reports say full-year imports could reach 120,000 units, with passenger cars comprising 70,000. Under China’s commitment to the World Trade Organization, vehicle import quotas will be raised by 15% next year to some $9 billion, while import tariffs are slated to be ...
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