Wednesday, December 14, 2011

China slaps duties on vehicles imported from the U.S.

China slaps duties on vehicles imported from the U.S.

Local manufacturing has become the watchword (or words) when it comes to foreign automakers entering the Chinese market, and for a number of reasons. For one, the market is plenty large enough to make sense out of manufacturing locally instead of importing from overseas. For another, joint ventures with local automakers have been encouraged by the still tightly regulated economy. And now there's another reason: imported vehicles are about to face an extra measure of importation duties.

Autoblog, China slaps duties on vehicles imported from the U.S.