The Chinese automotive imports are expected to increase by 20 percent in the current year, reaching 420,000 units, as Gasgoo reports.
Last year, China’s volume of imported automobiles saw a smaller 31 percent increase from a year earlier, reaching 353,000 units, while imports at customs grew by only 2.8 percent to 419,000 units in 2009. The reduction of the increase rate was caused by two factors: obviously, the global financial crisis and a government tax on imported cars equipped with engin… (read more)