久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Motoring

Favorable policy to expire next month

By LI FUSHENG | China Daily | Updated: 2016-11-28 08:04

Favorable policy to expire next month

China's favorable policy on car purchase tax is due to expire next month.[Photo provided to China Daily]

Tax breaks on vehicles with low engine sizes will end by start of 2017, unless lobbying groups prevail

China's automotive industry might suffer in 2017 as the country's favorable policy on car purchase tax is due to expire next month, said industry insiders and analysts.

The policy was introduced in October 2015 to boost lackluster market performance. Currently, customers that buy cars with engines no larger than 1.6 liters are entitled to a 50 percent discount on the purchase tax, which usually stands at around 10 percent of a car's sticker price.

Shi Jianhua, deputy secretary-general at the China Association of Automobile Manufacturers, told the Changjiang Times newspaper that if the policy cannot be extended, the overall car market would see "a growth rate less than 2 percent or even negative growth in 2017".

CAAM statistics show that a total of 22 million cars were sold in the first 10 months of 2016, representing 13.8 percent growth year-on-year.

Of these, 19 million were passenger cars. Those with engines no larger than 1.6 liters totaled 13 million vehicles, accounting for 72 percent of passenger cars, which is 4.1 percentage points higher than in the same period last year.

Chen Shihua, the association's deputy general secretary, said such cars have accounted for 70 percent of passenger car sales "every single month" this year. "We can say that it has played a positive role in boosting the market's performance," he added.

Automakers have also voiced their concerns that sales will fall after the removal of the favorable policy, which has stimulated consumer demand.

Jochem Heizmann, president and CEO of Volkswagen Group China, said, "If the government really stays on their present decision that this (policy) will sharply end at the end of this year, you can expect a big negative impact in the first quarter next year."

Nigel Harris, president of Changan Ford Automobile Co Ltd, has similar concerns. He expects that in the first quarter of 2017, the market will see some slowdown. "We have been seeing a lot of sales activity in the fourth quarter this year because the policy is set to expire at the end of the year, and a lot of people are buying, taking advantage," he explained.

He said extending the policy would "make sense" as the automotive industry has been a big contributor to China's economy and employment.

In an earlier interview, Shi at the CAAM said the association will lobby to extend the policy. Various Chinese media have reported that the authorities are considering the suggestion, with some departments in favor of it and others having not yet expressed their viewpoints.

Li Weili, an official at the State Information Center, said at the China Automotive Dealers Association's annual conference earlier this month that the policy may be adjusted to give a 25 percent discount on the purchase tax, which would spur the auto market to grow by around 4.4 percent year-on-year.

But he added that the possibility of extending the policy as it was or removing the policy cannot be ruled out.

Credit ratings agency Fitch Ratings Inc expects that the Chinese authorities are likely to extend the tax break for another year, but clarified that "a late announcement, say in December, will probably reduce sales in the first quarter of 2017 more than if it came earlier".

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 免费日韩一级片 | 国产永久高清免费动作片www | 日本aa毛片a级毛片免费观看 | 日韩欧美精品在线观看 | 国产成人一区二区三区免费观看 | 青青草国产一区二区三区 | 国产精品亚洲国产三区 | 久久久免费观成人影院 | 97欧美精品一区二区三区 | 久久综合精品不卡一区二区 | 欧美成人午夜毛片免费影院 | 欧美成人777 | 欧美性色黄在线视 | 久久久久久久久综合 | 国产中的精品一区的 | 欧美视频一| 国产东北色老头老太性视频 | 久色精品 | 女网址www呦| 99在线播放视频 | 黑人特黄aa毛片 | 中文字幕有码在线视频 | 欧美高清videossex19 | 一级全免费视频播放 | 精品看片 | 亚洲专区欧美专区 | 欧美怡红院免费全视频 | 特级a欧美做爰片毛片 | 日韩成人精品日本亚洲 | 日韩欧美国产精品第一页不卡 | 国产精品免费_区二区三区观看 | 波多野结衣视频在线观看地址免费 | 亚洲成a人v| 国产香蕉久久 | 亚洲影院在线播放 | 成人禁在线观看午夜亚洲 | 一级做a毛片免费视频 | 国产一区二区日韩欧美在线 | 国产免费一区二区三区在线 | 久久精品国产精品亚洲艾 | 在线综合+亚洲+欧美中文字幕 |