中国出台汽车产业振兴规划

China's State Council recently passed in principle the auto industry rejuvenation plan. Major contents of the plan are:to foster auto consum ption market, including a 50 percent cut in the vehicle purchase tax on passenger vehicles with a displacement of 1.6 liters and below; to promote reorganization of the auto industry and support large auto enterprise groups to carry out mergers and acquisitions, and key auto spare enterprises to expand production; to support independent innovation and technical upgrading by enterprises: the central government wiU appropriate RMB 10 billion in a special fund to support technical innovation and renovation and development of new energy automobiles and spare parts by enterprises in the next three years;to implement a new energy auto strategy :subsidy from the central budget will be appropriated to support the spread of energy saving and new energy automobiles in large-and medium-sized cities; and to promote development of independent brands of automobiles, speed up construction of auto and spare parts exportbases, develop a modern auto service industry and improve auto credit.

China publishes auto industry rejuvenation plan

China's State Council recently passed in principle the auto industry rejuvenation plan. Major contents of the plan are:to foster auto consum ption market, including a 50 percent cut in the vehicle purchase tax on passenger vehicles with a displacement of 1.6 liters and below; to promote reorganization of the auto industry and support large auto enterprise groups to carry out mergers and acquisitions, and key auto spare enterprises to expand production; to support independent innovation and technical upgrading by enterprises: the central government wiU appropriate RMB 10 billion in a special fund to support technical innovation and renovation and development of new energy automobiles and spare parts by enterprises in the next three years;to implement a new energy auto strategy :subsidy from the central budget will be appropriated to support the spread of energy saving and new energy automobiles in large-and medium-sized cities; and to promote development of independent brands of automobiles, speed up construction of auto and spare parts exportbases, develop a modern auto service industry and improve auto credit.