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China Pledges to Keep Up Support for Auto Sales, Used-Car Market

China pledged to maintain efforts to boost car sales and support the nation’s economy after the automobile industry took a particularly hard hit during recent measures to contain the spread of Covid-19.

A briefing held by the State Council Information Office on Thursday underscored the importance of promoting sales of new-energy vehicles and ensuring the supply of auto chips and related raw materials with a relatively stable price. Efforts are also underway to expedite a study about extending purchase tax exemptions for electric cars, Guo Shougang, an official with the industry ministry, said.