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China launches pilot 'parallel imports' for foreign cars
2015-01-08 14:11:07| Auto Dealers - Topix.net
China will allow selected auto dealers registered in Shanghai's free trade zone to import and sell cars without the consent of foreign carmakers, according to an official notice. The launch of the pilot program to allow so-called "parallel imports" of cars had been widely anticipated and analysts have said the move could put downward pressure on certain models, especially those in the premium segment.
Tags: china
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Category:Automotive
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