China’s auto industry inflated sales for years by exporting new cars as ‘used’

Open this photo in gallery: A Reuters review showed that regional governments in China actively encourage the export and sale of fake used cars.CHINA DAILY/Reuters

China’s auto industry has inflated car sales for years through a burgeoning government-backed grey market that registers new cars right off the assembly line and then ships them overseas as “used” vehicles.…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.