China’s Ministry of Finance announces the end to an 18-month tax break on vehicles with engine sizes of 1.6L or less starting Jan. 1. A ministry spokesman tells the government’s Xinhua news agency China will resume levying a 10% purchase tax because the country is recovering from the global financial crisis and the economy has regained its rapid growth. The move will affect sales of small cars, which make up 60% of passenger-vehicle deliveries in the country. China halved the sales ...
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