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China’s Auto Industry Exports New Cars as Used, Raising New Concerns of Dumping - The Thinking Conservative
The Chinese regime has been exporting new cars as “used” raising renewed concerns of dumping. The post China’s Auto Industry Exports New Cars as Used, Raising New Concerns of Dumping appeared first on The Thinking Conservative.
China’s Auto Industry Exports New Cars as Used, Raising New Concerns of Dumping
The Chinese regime has been exporting new cars as “used” to absorb the auto industry’s overcapacity amid low domestic demand and increased tariffs, raising renewed concerns of dumping. A large number of “zero-mileage” new cars have been marked as used and sold both domestically and abroad in recent years, according to Chinese and international media reports. Almost all major Chinese automakers are doing this, including Li Auto, whose CEO admitte…
In order to reduce their overproduction, Chinese carmakers sell new cars as used cars. According to experts, many companies are struggling for every possible turnover. Many of these "zero-kilometre" vehicles go to Russia and the Middle East.
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