minecraftcrypto| China's imports of imported vehicles continue to decline: they will fall to 800,000 units in 2023, and the electrification transformation will affect the demand structure

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Data from the Passenger Transport Association shows that China's imported car imports have declined at an average annual rate of 8% since 2017 to 2023.minecraftcrypto800,000 units, down 8% year-on-year to 210,000 units from January to April 2024, reflecting market changes under the influence of automobile electrification and international relations.

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China's imported automobile market continues to shrinkminecraftcrypto: According to the latest analysis by Cui Dongshu, Secretary-General of the Passenger Transport Association, since the peak of 1.24 million units in 2017, the average annual import volume of imported cars in China has continued to decline, dropping to 800,000 units by 2023. According to the latest data, automobile imports from January to April 2024 were 210,000 units, down 8% year-on-year, indicating that the downward trend in the imported car market is still continuing. [Electrification transformation reshapes demand structure]: As China's automobile industry grows and the electrification trend accelerates, the market demand for traditional fuel vehicles continues to decline, resulting in a significant decrease in the demand for imported fuel vehicles. [Strategic considerations under the complexity of international relations]: In view of the uncertainty of the international political environment, China needs to consider establishing a diversified import model to maintain a reasonable size of the imported automobile market and prevent potential supply chain risks.

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