China Expanding Program for Auto Imports
China is expanding a pilot program for parallel auto imports to increase the country’s foreign car market, according to an Aug. 30 notice from China’s Ministry of Commerce and a report from Xinhua, China’s state-run news agency. The program for…
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parallel auto imports -- whereby Chinese “independent auto dealers directly purchase vehicles from a foreign production base or auto dealer” -- will expand to give preferential treatment to certain ports that import more than “1,000 vehicles” annually, China said.