Daily Management Review

China to export used cars


Chinese authorities allowed to export used cars to stimulate car sales in the country. According to the Xinhua News Agency, 10 administrative regions, including Beijing and Shanghai, were the first to receive permission to export used cars.

The Chinese Ministry of Commerce issued a statement saying that the potential for developing the export market for used cars in China is very great.

The agency said it would work to improve market regulation and services to support the export of used cars in conjunction with the Ministry of Public Security and the General Administration of Customs of China.
Last year, sales of used cars in China amounted to about 13.83 million, which is half as much as the sales of new cars.

Sales of vehicles in China in 2018 declined for the first time in 28 years. According to the China Association of Automobile Manufacturers (CAAM), sales to dealerships decreased by 2.8% last year - to 28.1 million units.
The data of the China Passenger Car Association (CPCA) also indicated the first decline in car sales in the country last year in more than 20 years — by 6%, to 22.7 million units.

source: xinhuanet.com

Science & Technology

Tech giants face stricter government regulation in the US

Nestle's Head: Veggie meat is new megatrend

Huawei may introduce Android replacement in August

Are US high-tech investors causing brain drain in Europe?

'Russia's Google' Yandex Was Hacked By Western Intelligence For Spying: Reuters

Reuters: Chinese hackers were stealing data from IT giants for years

China's first solar power molten salt plant sets record

WSJ announces imminent start of Boeing 737 MAX flight tests

Study: Machine learning is five times more harmful for the environment than a car

Would Singapore Be The First One To Bring Lab Grown Shrimps To The Global Market?

World Politics

World & Politics

France announces new tax for air fares

Europe Concerned Over Iran Move To Breach Uranium Enrichment Cap

Singapore To Build ‘$296 Million’ Smart Next-Gen Army Training Centre

No More Sales Of E-Cigarettes In San Francisco?

US ‘Hell-Bent On Hostile Acts’ Even After Trump-Kim Agreement, Says North Korea

Italy avoids EU sanctions for high national debt

Trump allocates 4.6 bln to help migrants

Iran Says Trump’s Belief That US-Iran War Would Be Short Is “An Illusion”