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- China's commerce ministry: China flags support for parallel car imports, used car markets
China's commerce ministry: China flags support for parallel car imports, used car markets
China's commerce ministry said that it will roll out measures to support the country's parallel car imports and used automobile markets to boost car sales.
China will expand supply channels to promote parallel car imports and will promote regulations to promote used car transactions, the commerce ministry's spokesman, Gao Feng, said.
Gao added that recent adjustments made to China's value added tax rates, which have prompted a string of car makers to lower their vehicle selling prices in the country, are conducive to promote the consumption of automobiles.
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