According to a report in the Asian Wall Street Journal, GM does not expect to see a surge in imports following import tariff reductions in China.
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“I really don’t believe imports are going to be a major factor in China,” said Phil Murtaugh, head of GM China Group speaking to the Asian WSJ.
He said that he believed that the remaining tariffs – even at the low level of 25% post-2006 – will still constitute a significant barrier to import trade.
The WSJ report said that Mr Murtaugh believed GM’s primary strategy in China will continue to be one of catering to Chinese demand with locally produced vehicles – which will be helped by falling duties on imported components.
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