Monday, September 29, 2014

China Legalizes Parallel Car Imports to Force Price Drops on Foreign Manufacturers

   A lot of controversy was stirred up in China along with the humungous prices some manufacturers practice in the communist country. Compared to the prices in the US, the Chinese often have to pay up to 3 times as much for the same car, for no apparent reason.

The authorities decided it was too much and started looking into the practices some manufactures employed on their own turf. Therefore, a couple of fines were handed out some time ago... (continue reading >>)

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