China to halve car purchase tax amid flagging sales
Beijing (AFP) Sept 30, 2015 - China said Wednesday it will halve purchase taxes on vehicles with small engines, in an attempt to boost sales in the world's largest car market where demand has weakened. Car sales in China have been falling for five straight months since April as expansion of the world's second-largest economy has slowed. The cut effective from Thursday applies to passenger cars with engines of 1.6 lit ... more
No comments:
Post a Comment