The smuggling of cars into China has been a widespread problem since at least the 1980s, and slowly evolved into an arms race between the authorities and the smugglers. The ultimate smuggling boat is known as the Armored Stealth Boat (ASB). You read that correctly; this may sound too James Bond to be real, but it is.
The rate of smuggling has been so high that it a major driver in China’s investment in car technology for domestic production, buying some Western manufacturers wholesale: the idea is to offset smuggled cars with more attractive local types. This strategy may have diminished the attractiveness of imported luxury cars but the demand is still high.
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The smuggling of cars into China has been a widespread problem since at least the 1980s, and slowly evolved into an arms race between the authorities and the smugglers. The ultimate smuggling boat is known as the Armored Stealth Boat (ASB). You read that correctly; this may sound too James Bond to be real, but it is.
The rate of smuggling has been so high that it a major driver in China’s investment in car technology for domestic production, buying some Western manufacturers wholesale: the idea is to offset smuggled cars with more attractive local types. This strategy may have diminished the attractiveness of imported luxury cars but the demand is still high.
Read the rest here.
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