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China to rein in luxury car prices with parallel imports

Scheme, which starts in Shanghai next week, will allow unauthorised dealers to sell imported cars

Shanghai

CHINA is taking aim again at foreign luxury carmakers such as Audi, BMW and Mercedes-Benz by allowing unauthorised dealers to sell imported cars - so-called "parallel imports" - in a move to rein in high-end car prices.

Publicly, Beijing says that a pilot scheme, which

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