China sees lots of room to boost car sales further


BEIJING, Dec 1 (Reuters) - China has plenty of room to promote cars sales further in 2010, a senior Ministry of Commerce official said on Tuesday. Chang Xiaocun, a bureau director at the ministry, cited schemes to trade in old vehicles for new ones at a discount, subsidised car sales in rural areas and tax breaks for smaller cars. "Trading in old vehicles for new ones will be a long-term strategic task that will not only help expand consumption but will also help conserve energy and ...

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