BEIJING — Market share of foreign-made vehicles drastically drops to 2.6% of China's total market share, largely as a result of limited imports and a successful crackdown on smuggling. The General Administration of Customs in mid-May introduced a new set of calculation methods for taxation on automotive imports. Tariffs now are levied separately on optional parts, such as sunroofs, automatic transmissions and air bags. The result of such measures means import duties and prices of ...
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