BEIJING (Reuters) – China will extend and optimise a purchase tax exception on new-energy vehicles (NEVs) and study policies to promote NEV development, state media reported on Friday, citing discussions at a cabinet meeting. Separately, the meeting pointed out that the foundation of China’s economic recovery is not yet solid, CCTV reported. (Reporting by Beijing […]
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China will extend purchase tax exemption for NEVs -cabinet meeting
BEIJING (Reuters) – China will extend and optimise a purchase tax exception on new-energy vehicles (NEVs) and study policies to promote NEV development, state media reported on Friday, citing discussions at a cabinet meeting.
Separately, the meeting pointed out that the foundation of China’s economic recovery is not yet solid, CCTV reported.
(Reporting by Beijing newsroom; editing by Jason Neely)