SHANGHAI: Export juggernaut China may have to downgrade plans to become a major car exporter unless it lowers high import tariffs on engines, transmissions and other components that foreign assemblers need to build a motor vehicle.
Last year, the government had outlined an ambitious road map to becoming a car-exporting power, with plans to require 40% of all locally produced vehicles to be exported, compared with one analyst’s estimate of 13% in eight years.
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