BRAZIL BECOMES WORLD’S TOP BUYER OF CHINESE CARS AS IMPORTS JUMP 147%

Brazil overtook Russia and Belgium in the first five months of this year to become the world’s largest importer of Chinese cars, buying US$5.2 billion worth of vehicles as brands raced to land shipments before a tariff… The figure, drawn from Chinese customs data, is up 146.9 per cent from the US$2.1 billion recorded a year earlier, when Brazil ranked sixth among buyers.

News - South China Morning Post reports that brazil overtook Russia and Belgium in the first five months of this year to become the world’s largest importer of Chinese cars, buying US$5.2 billion worth of vehicles as brands raced to land shipments before a tariff…

The report adds: The figure, drawn from Chinese customs data, is up 146.9 per cent from the US$2.1 billion recorded a year earlier, when Brazil ranked sixth among buyers.

Russia bought US$5 billion over the same months this year and Belgium purchased US$3.8...

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