Free Trial

China Aims To Drive Consumption Via Car Sales-State Council

CHINA PRESS
MNI (Singapore)

China will further unleash the potential of automobile consumption, mainly by relaxing the relocation policy of used cars to revive the second-hand car market and improving the scheme of parallel auto imports, according to a statement on the gov website following the State Council executive meeting chaired by Premier Li Keqiang on Wednesday. The government is also considering extending a purchase tax exemption for new-energy vehicles, the statement said. These measures are expected to increase auto consumption by about CNY200 billion this year, the statement added.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.