/cloudfront-us-east-2.images.arcpublishing.com/reuters/NMMWDR75NNI6VJFLHRFUBFYP2I.jpg "China considers extending buy tax exemption for brand new vitality autos")
Automobiles wait in site visitors in Shanghai, China March 10, 2021. Image taken March 10, 2021. REUTERS/Aly Music
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BEIJING, June 22 (Reuters) – China will step up help for vehicle consumption and expects car and auto-related consumption to extend by about 200 billion yuan in 2022, state media reported, citing a daily cupboard assembly on Wednesday.
China can also be contemplating extending a purchase order tax exemption for brand new vitality autos, the assembly, chaired by premier Li Keqiang, stated.
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Reporting by Beijing newsroom and Brenda Goh; Modifying by Andrew Heavens
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