Beijing, seeking to revive vehicle sales undermined by government anti-pandemic measures, will halve the sales tax to 5 percent on new light vehicles with engine sizes up to 2.0 liters and priced at 300,000 yuan ($45,045) or below.
May 31, 2022 05:45 PM
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Porsche shipments to dealerships stopped over tariffs, retailers say
Porsche, like its stablemate Audi, is holding vehicles at the port before the point in the import process when tariffs are applied, multiple sources say.
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