BEIJING — The recent U.S.-China trade pact, paving the way for China's entry into the World Trade Organization, has far-reaching implications for the nation's fledgling automotive industry. Under the agreement, Beijing would drop import tariffs on foreign automobiles to 25% from the current 80%-100% range by 2006. Additionally, non-bank financial firms would be allowed to provide auto financing in China, which analysts feel is key to increasing individual ownership of cars. Industry ...

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