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China to allow parallel imports of cars

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Published Thu, Jan 8, 2015 · 09:50 PM

Shanghai

CHINA will allow selected car dealers registered in Shanghai's free trade zone (FTZ) to import and sell cars without the consent of foreign carmakers, according to an official notice published late on Wednesday.

The launch of the pilot programme to allow so-called "parallel imports" of cars had been widely anticipated, and analysts have said that the move could put downward pressure on certain models, especially those in the premium segment.

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