News

China Remains Most Important Pillar Of Global Car Industry Report

The three major German carmakers Volkswagen, BMW and Daimler benefited to an “above-average extent” from the market recovery in China as their Q3 sales in China increased by nine percent compared to last year, EY noted. BERLIN, Dec. 23 (Xinhua) — The Chinese market once again pr... Read More

China Adjusts Tariffs On Imported Commodities

China will adjust import tariffs on a range of products starting Jan. 1, 2021 to support fostering the new development paradigm and promoting high-quality development, according to the Customs Tariff Commission of the State Council. Provisional import tariffs that are lower than the most-favored... Read More

China To Allow Steel Material Imports Next Year

Starting from 2021, China will allow the import of recycling iron and steel materials that meet the national standard since they do not constitute solid waste, authorities said. Strict requirements on import management of recycling iron and steel materials were stipulated, according to a notice ... Read More

France Announces 8-Bln-Euro Plan To Rescue Ailing Car Industry

French President Emmanuel Macron on Tuesday unveiled an eight-billion-euro (8.78 billion U.S. dollars) rescue plan to help the recovery of the domestic auto industry hit hard by the anti-coronavirus lockdown. The plan focuses on the production of environmentally friendly vehicles. “The sta... Read More