BEIJING — The National People's Congress, China's highest legislative body, is reversing its decision to forgo a controversial gas tax proposal in order to eliminate highway fees and tolls. The new centralized gas tax, instead, will raise funds for highway maintenance and repair. Construction is booming in China's road network, and the country's highway companies have borrowed nearly US$4 billion, mostly from U.S. and European investors, to build toll roads throughout the country. The ...
Premium Content (PAID Subscription Required)
"Printer-friendly" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.