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With parallel import scheme, China aims to rein in luxury car prices - sources

2015-02-05 03:54:03| Auto Dealers - Topix.net

Publicly, Beijing says a pilot scheme, which officially kicks off in Shanghai's free trade zone next week, will promote competition and give consumers more choice, but people close to policymakers say it's the latest in a series of measures aimed at bringing down prices that are far higher in China than elsewhere. For the luxury car marques, the move comes on top of weakening sales growth in the world's biggest market, tensions with dealers, and a recent price fixing probe.

Tags: china car prices sources

Category:Automotive

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