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Chinese automakers surge after the government excludes foreign brands from a preliminary list of...

Chinese automakers surge after the government excludes foreign brands from a preliminary list of vehicles approved for purchase by state agencies. The move will help local brands gain in the 80B yuan ($12.7B) market at the expense of foreign automakers like GM (GM) and Toyota (TM). In the past, overseas brands accounted for 80% of the official pool.
Comments (1)
  • And where is the level paying field located...again?
    27 Feb 2012, 06:01 AM Reply Like
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