BEIJING — Frugal Chinese consumers, waiting for prices to fall after China joins the World Trade Organization, are snubbing higher-priced new cars and opting instead to buy cheaper used vehicles. As a result, used car dealers such as the Zhonglian Second-Hand Automobile Exchange in Beijing are seeing significant increases in sales. The exchange sold 350 vehicles in August, a 10% increase over June. Jia Zhongyi, the exchange's general manager, attributes the robust sales to consumers' ...
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