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 ...
Premium Content (PAID Subscription Required)
"Printer-friendly" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
•Medium- andheavy-duty truck volumes
•Historical data and much more!
Current subscribers, please login or CLICK for support information.