Home Business China extends NEV purchase tax exemption worth 100 bln yuan

China extends NEV purchase tax exemption worth 100 bln yuan

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BEIJING — China will extend its exemption

of new energy vehicles’ from purchase taxes to the end of 2023,

creating tax cuts worth a total of 100 billion yuan, state media

Xinhua quoted cabinet meeting as saying on Friday.

(Reporting by Hong Kong newsroom; Editing by Toby Chopra)



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