China Introduces More Measures to Increase Car Consumption
- Economic planning body outlines 10 steps to support industry
- Government is focusing on promoting new-energy vehicle usage
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China outlined a series of measures to increase car purchases, particularly for new-energy vehicles, as the world’s second-biggest economy struggles to escape the shadow of Covid and lift growth.
The National Development and Reform Commission, China’s main economic planning body, set out 10 steps, including lower costs for electric-vehicle charging and extending tax breaks, though it didn’t disclose specific figures.