UPDATE 1-China to cut car import duties, raise quotas

Newswire

(Adds background) SHANGHAI, Nov 28 (Reuters) - China will usher in more foreign cars next year by lowering import tariffs and raising quotas in line with its World Trade Organisation commitments, the official Xinhua News Agency said on Thursday. The country would cut auto import duties by 5.6 percentage points next year and boost import quotas by 15 percent to $9.125 billion, Xinhua said, quoting the Foreign Trade Ministry. The report did not specify what type of cars the tariff cuts ...

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