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CHINA: Changsha weighs subsidizing the purchase of locally produced vehicles

  • Date: 09-07-19
  • Category: CHINA
  • Source: Auto News China

The inland city of Changsha is considering offering subsidies toward the purchase of locally made cars and light trucks, according to a document viewed by Reuters and confirmed by an official at a local planning agency.

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CHINA: Beijing policies dash hope for quick market rebound

  • Date: 21-06-19
  • Category: CHINA
  • Source: Auto News China

At the Shanghai auto show in April, most auto company executives expected China’s new-vehicle market, which contracted in 2018 for the first time in nearly three decades, to resume growth in the second half of 2019.

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CHINA: Dealerships rush to cut stockpiles ahead of tougher emission control rules

  • Date: 18-06-19
  • Category: CHINA
  • Source: Automotive News China

Inventory levels at dealerships in China dipped to a 50-day supply in May from 60 days in April, as upcoming tougher emission standards prompts local dealers to wind down stockpiles of new vehicles that fall short of the rules.

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CHINA: China announced 2019 subsidies for new energy vehicles

  • Date: 18-06-19
  • Category: CHINA
  • Source: ICCT

In late March, China announced the 2019 adjustment to its decade-long central subsidy program for new energy vehicles (NEVs). The program was introduced as the Ten Cities, Thousand Vehicles project in 2009, and is set to be phased out after 2020.

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CHINA: China considers plan to ease controls over new car licenses: Caixin

  • Date: 17-04-19
  • Category: CHINA
  • Source: Reuters

China is considering plans to relax controls over the issuance of new car licenses in major cities to boost flagging auto sales, financial magazine Caixin reported on Wednesday, citing a draft document by the country’s state planner.

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CHINA: China Jewellery and jade value-added tax will be reduced from 16% to 13% from April 1st

  • Date: 22-03-19
  • Category: CHINA
  • Source: Jewellery.org

Announcement of the Ministry of Finance, the State Administration of Taxation and the General Administration of Customs on the No. 39 of 2019 on the policy of deepening the reform of value-added tax: the general taxpayer of value-added tax (hereinafter referred to as the taxpayer) has a VAT-taxable sales act or imported goods. For the original tax rate 16%, the tax rate is adjusted to 13%; if the original 10% tax rate is applied, the tax rate is adjusted to 9%.

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CHINA: China will cut value-added tax for manufacturers on April 1

  • Date: 14-03-19
  • Category: CHINA
  • Source: Nasdaq

China will cut value-added tax (VAT) for manufacturing and other sectors on April 1, Premier Li Keqiang said on Friday, adding that cuts in taxes and fees remained a key measure to cope with downward pressure on the world's second-largest economy.

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CHINA: China Lowers Growth Target and Cuts Taxes as Economy Slows

  • Date: 05-03-19
  • Category: CHINA
  • Source: Bloomberg

China lowered its goal for economic growth and announced a major tax cut, as policymakers seek to pull off a gradual deceleration while grappling with a debt legacy and the trade standoff with the U.S.

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