HomeSteelSupply chain and End users China halves sales tax on some new cars in bid to stimulate spending, economic growth The Chinese authorities are halving purchase taxes on some passenger cars from Wednesday June 1 to try and stimulate consumer spending, the Finance Ministry said on May 31. The tax reduction, from 10% to 5% of the purchase price, will apply for to cars with no more than nine seats, inclusive of the driver, with an original price... Email this article Your details Your recipients's details You can enter a maximum of 5 recipients. Use ; to separate email addresses. Email yourself a copy? Enter the code: Ok You might notice something different here.As we continue our evolution, our data and market news is now available through the Fastmarkets platform and a trial of this website is no longer available. Already registered? Log in Our new delivery solution allows you to access the prices and news that matters most to you in a way that delivers value, quality and a unique, fully customizable view for you. Learn More We are developing an experience that allows you to test drive building your view of our data and news on the new platform. In the meantime, we can prepare a quote for you and show you around. Get Started Contact Us +44 (0) 20 7779 8260 hello.mb@fastmarkets.com Published Norman Fong May 31, 2022 12:40 GMT Keywords China car sales China car taxes China economic growth Related news {{article|snippet:'title'|removeHtmlTags}} {{article|fields:'dates'|date:dateArticleFormat}}
