China Halting Sales Tax on Eco-Friendly Cars

Newswire

BEIJING, July 9 (Reuters) - China will stop levying sales tax on approved models of green cars from September 1 through to the end of 2017, the country's cabinet said on Wednesday, in the latest government effort to tackle pollution. The State Council said at a weekly meeting chaired by Premier Li Keqiang that electric cars, some hybrid vehicles and fuel-cell powered cars will be exempted from the tax. China will also further develop its insurance industry, the central government said on ...

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