Brazil becomes world’s top buyer of Chinese cars as imports jump 147%

Brazil overtook Russia and Belgium in the first five months of this year to become the world’s largest importer of Chinese cars, buying US$5.2 billion worth of vehicles as brands raced to land shipments before a tariff increase took effect in July. The figure, drawn from Chinese customs data, is up 146.9 per cent from the US$2.1 billion recorded a year earlier, when Brazil ranked sixth among buyers. Russia bought US$5 billion over the same months this year and Belgium purchased US$3.8...