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China Seeks To Boost Car Purchases-Daily

CHINA PRESS
MNI (Singapore)

China has rolled out detailed measures to boost automobile purchases, including promoting the use of electric cars, activating the second-hand car market, and supporting parallel car imports, the Securities Daily reported citing a document jointly released by 17 departments. Advisors suggest China can reduce the down payment ratio for car purchases, or implement zero down payment for the purchase of electric vehicles, as well as lower car loan interest rates and extend the repayment period, the newspaper said.

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