Incentives faced China’s auto consumption tuning – Automotive Industry – Machinery Industry
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(516, ’1 6L Following the acquisition by half of small cars car to the countryside and subsidies to encourage automobile consumption policy of hot auto market in 2009 to stimulate growth the 2010 does not seem to mean a halt br br quot As the temporary reduction of purchase tax policy may be more systematic in the next year into a long term policies to encourage consumption of small cars quot State Department of Market System Development Director consolidated the East to a recent NG Circulation 2009 China 39 s auto industry said at the annual meeting the relevant state departments are in the process of policy alternatives at present the following small displacement 1 6L passenger vehicle purchase tax collection policy has reached a half to stimulate consumer auto guide the consumption structure purposes br br Although Wu did not disclose the East to the adjustment of auto consumption policy to encourage the details but industry estimates passenger car purchase tax in 2010 to continue the implementation of preferential policies but the content may change br br Policy Eichi obvious effect Cars this year the State Council issued the policy to encourage consumption in the low emission passenger cars such as purchase tax halved good policy the domestic low emission passenger cars this year Pin Extremely strong sales State Information Center resources br br Xu Changming director said in an interview total car sales this year expected to be 1350 an increase of 44 5 compared to last year is expected to increase 4 million quot This year 39 s performance in the automotive industry the main planning policy to directly stimulate the revitalization of the market growth in auto demand In addition the policy of the entire vehicle to stimulate economic growth has improved quot Xu Changming said br br National Passenger Car Market Information Co Rao Secretary General also believes that the current revitalization of the domestic automobile industry planning a series of policies issued compared with other countries in automobile consumption policy put in the minimum but the effect was most obvious has since to stimulate the auto market growth br br At the same time experts agreed that the quot car to the countryside quot policy and the policy of purchase tax levied on half the market this year the contribution rate of 50 This has become the main driving force behind this year 39 s auto market growth Continuation of the new puzzle br br policy Today 1 6L small displacement Passenger purchase the following tax halved policy is about to expire December 31 2010 the industry 39 s general concern about whether the introduction of follow up policy br br This Xu Changming said the October 27 meeting of the Central has been the basic tone has made it clear to continue to implement the proactive fiscal policy and loose monetary policy quot Next year to stimulate domestic demand as the most important consideration The focus of domestic demand is consumption We know that the main factors driving growth this year there are two points one real estate one car If the car market fluctuations will led to the macroeconomic affected next year 39 s car policy will not make a drastic change fine tuning is possible quot ‘)
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