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RE: LeoThread 2025-11-06 22-46

in LeoFinance25 days ago

Part 4/15:

The core of the controversy lies in a sophisticated scheme that blurred the lines between new and used cars. Chinese automakers engaged in a practice where vehicles, fresh off production lines, would be quickly registered under fake or shell companies, then deregistered—turning them into used cars for resale. This practice permitted dealers to sell the same vehicle multiple times as "brand new," significantly inflating sales figures and creating an illusion of booming demand.