Excellent presentation of the Camry in China

Toyota China has just released latest Camry sedan for local market. Toyota calls new Camry a better Camry of Camry. This Camry is made in Guangzhou, China. Honda Accord is also made in Guangzhou with over 70% local parts.











China only allows joint-venture in automobile industry with 49% foreign equity limit. Even after WTO, China's automobile import tax is set at nearly 68% of vehicle cost and freight.
Breakdown is as following:
Import Tax: 25%
Value Added Tax: 17.5%
Consumer Tax: 8%
Retail Tax: 10%