The practice of registering new cars as 'second-hand' vehicles for export has been adopted by China's car industry to boost sales figures. These so-called 'zero mileage' vehicles are sent to markets such as Russia and the Middle East. This method has been criticized recently but continues to be encouraged by local governments to improve economic statistics. By 2024, it is estimated that 90% of cars exported as 'second-hand' will actually be new.
Sources
Latest News
10:45
OMV reports a decrease in hydrocarbon production, but an increase in profit.
10:34
Tom Chadbon, a British actor known from 'Doctor Who', 'Casino Royale' and 'Game of Thrones', has died at the age of 80.
10:22
English defender John Stones has signed with Inter Milan, a team coached by Cristian Chivu.
See more news