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Read More »China to lift tax on smaller cars to 7.5% through 2017
Bloomberg China will raise the sales tax on small cars to 7.5 percent, curbing an incentive that has propped up the auto industry, which is heading for its 26th consecutive annual expansion, according to people familiar with the matter. The tax rate is less than the 10 percent originally scheduled to take effect from January. However, it is an …
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