Four firms get nod for parallel imports

Four automobile trading companies have got approval from the Ministry of Commerce for parallel imports of vehicles in the Haikou Comprehensive Bonded Zone in Hainan province. More than 200 vehicles are expected to enter the bonded zone by the end of this year through parallel imports, said a recent report in Hainan Daily. The four pilot companies are China (Haikou) Automobile Trading Co Ltd, Hainan Juseng Automobile Sales Service Co Ltd, Benshun Zhongcheng Automobile Supply Chain Management Co Ltd and Jingang Huayu International Trade Co Ltd.