China is considering proposals to slash import duty on passenger cars by about half, a move that’s set to give a lift to luxury-auto makers such as BMW AG and Toyota Motor Corp.’s Lexus unit, according to people with direct knowledge of the matter.
The State Council, or China’s cabinet, is weighing plans to reduce the 25 percent levy -- which has been in place for more than a decade -- to 10 percent or 15 percent, said the people, who asked not to be identified as the deliberations are private. An announcement of a decision could be made as early as next month, the people said.
