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Global Trade Alert

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China: New plan to promote the auto industry in the 'mid- and long-term' released

Description

Without providing additional detail, the initiative announced broader tax relief policies in the spheres of VAT, vehicle tax and 'other taxes' to promote the industry as a whole.

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

No implementation date

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Table

Affected Sectors

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Affected Products

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