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Trading news
1 Apr 2020
China’s State Council extends subsidies and tax breaks for new-energy vehicle purchases
Late Tuesday, China’s State Council (Cabinet) announced the extensions of the subsidies and tax breaks for new-energy vehicle purchases.
The Council extended subsidies and tax breaks by two years, out to 2022.
These measures were announced to support the producers of electric vehicles in China, as the economy fights hard to curtail the coronavirus impact on the economy.
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