China may halve the tax on car purchases when the trade war and a slowdown economy lowered demand. It reports sources to Bloomberg News.
It is the National Development and Reform Commission, NDRC, which proposed the proposal to reduce the tax from 10 to 5 percent for cars with engines of up to 1.6 liters. In that case, it would cover around 70 percent of all passenger cars sold in the country.
However, a decision on this issue has not yet been taken, writes the news agency.
Recently, a number of companies in the vehicle sector have warned of a slowdown in the Chinese market. Today's message is therefore welcomed by the market that sent German car players BMW, Daimler and Volkswagen on Monday morning.