Friday, December 13, 2013

China to end anti-dumping duties on U.S. auto imports

China to end anti-dumping duties on U.S. auto imports
SHANGHAI, Dec 13 Reuters) - China on Friday said it would stop collecting anti-dumping and anti-subsidy duties on certain types of cars from the United States imported, if the measures on Dec. 15.

14 December 2011, China began collecting punitive tariffs on sedans and sports of utility vehicles (SUVS) with engines of 2.5 litres and above imported from the United States in retaliation for US trade policy.

China said then that U.S. automakers General Motors co and Chrysler Group will receive State subsidies and their vehicles on the Chinese market, which damaged threw China's auto industry.

On Friday by the Commerce Ministry in a statement said on its website the obligations would be cancelled because it had received no applications for a renewal in the anti-dumping investigations.

Growth of the market for imported cars in China this year in line with the domestic car market, facilitates campaign partly on Beijing's anti-extravagance.

In the first 10 months 908,000 imported vehicles in China to 9.6 percent from the previous year after China Automobile trading co., Ltd. were sold compared with an increase of 21.7 percent over the same period last year.

The State car importer expects the import vehicle market 7 percent grow next year.

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