BEIJING – China’s automobile market is expected to witness 10 major developments in 2010, although some may turn out to be accurate and some speculative. The State Council has recently decided to continue with the preferential policies adopted in 2009, namely a reduced sales tax for small cars and subsidies for vehicles purchased in rural areas. Although the sales tax for passenger vehicles of 1.6L is up 2.5% compared to 2009, it will still be 2.5% lower than the original 10%. Officials ...
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