Reported 1 day ago
Local Chinese governments are promoting the export of 'zero mileage' used cars, which are technically new vehicles registered as used, to boost vehicle sales and meet growth targets set by Beijing. This practice has raised concerns about the integrity of sales figures in China's auto industry and accusations of market dumping, as these cars are shipped to international markets while distorting domestic pricing. Despite criticism within the industry, regional authorities are actively supporting these exports to enhance their economic metrics.
Source: YAHOO