China considers extending buy tax exemption for brand new vitality autos

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,

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

Our Requirements: The Thomson Reuters Belief Ideas.

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