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China reduces import tariffs for autos to 15 percent, components tariffs cut to 6 percent

BEIJING – The Ministry of Finance (MOF) announced on May 22 that starting July 1, 2018, import tariffs for automobiles will be reduced to 15 percent, while those for components will be cut to 6 percent. This is a major decision in support of the now 40-years of economic reform

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Demand in 3rd- and 4th-tier cities may be a myth

The CEO of Dongfeng Motor Corp., one of China’s top four state-owned automotive groups, convincingly argued that China’s automobile market in the next decade would see “micro growth, with single digit, or under 10 percent.” Zhu Fushou made a sharp comparison between the Chinese and U.S. markets in order to

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