China's Aspiring Porsche, BMW Owners in Sweet Spot for Duty Cut
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Chinese consumers waiting for years to lay their hands on the Porsche sports car or the 7 series from BMW AG may soon be rewarded.
Imported premium cars in the $80,000 to $240,000 range are set to benefit the most from China’s planned reduction in tariffs by about half, said James Roy, a director at luxury consultancy Agility Research and Strategy in Shanghai. That also includes models from Daimler AG’s Mercedes-Benz and Toyota Motor Corp.’s Lexus. A car priced at $100,000 could become more than $10,000 cheaper after the planned duty cut.