Chinese car industry exports new cars as 'second-hand' to artificially boost sales, encouraged by authorities
Delia Niculescu
International
foto:shutterstock
Always see our news on Google
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
23:00
Claudiu Manda, the general secretary of the PSD, accuses Prime Minister Ilie Bolojan of lying and responsibility for the crisis in the healthcare system.
22:45
Ben Affleck won 1 million dollars on "Do You Want to Be a Millionaire?" The money will be donated.
22:35
The authorities in Tulcea County issued a RO-Alert message, and two F-16 aircraft were deployed to monitor the airspace near the border with Ukraine.
22:30
Dominic Fritz, the president of USR, accused PSD of unconstitutional attempts to amend the integrity law to target him directly.
22:15
Twenty EU states have changed working time rules after the pandemic, but only five have started to regulate algorithmic control.
See more news
NEWS ON THE SAME TOPICS
.webp)
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
