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The Chinese government’s plans to China capitulates: Another round of auto stimulus

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The Chinese government’s plans to extend auto subsidies to rural
buyers, on top of the sales-tax cut, will spur new-vehicle sales. That
will boost production, lower unit cost and raise profits for carmakers.
Passenger-vehicle sales have accelerated since the sales tax was
halved to 5% in October. Under the 2009 auto stimulus, rural
residents who replaced their vehicles received 3,000-5,000 yuan
($470-$780) . The incentive was raised to as much as 18,000 yuan
in 2010.

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The Chinese government’s plans to extend auto subsidies to rural buyers, on top of the sales-tax cut, will spur new-vehicle sales. That will boost production, lower unit cost and raise profits for carmakers. Passenger-vehicle sales have accelerated since the sales tax was halved to 5% in October. Under the 2009 auto stimulus, rural residents who replaced their vehicles received 3,000-5,000 yuan ($470-$780) . The incentive was raised to as much as 18,000 yuan in 2010.

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