News Feature
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China auto industry to be supported by new policies as Japan sales slide
5th January 2009:Chinese economic planners will implement a range of policies to help maintain the approximately ten per cent growth in the country's auto industry this year, according to reports today (5th January).
It has been suggested that the State Council will unveil a number of initiatives in the first quarter, such as cutting auto purchase tax and incentives for the creation of more fuel-efficient vehicles.
Other measures are thought to include the encouragement of further consolidation in the industry, while government bodies could also be mandated to buy China's self-developed cars in fleet purchases.
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