China studying extending tax exemption for commerce ministry
SHANGHAI, July 7 (Reuters) - China is studying the possibility of extending a tax exemption for new electric vehicles (EV) as part of a raft of efforts to spur vehicle consumption in the country, the commerce ministry said on Thursday.
It also announced a series of measures to encourage trade-ins of old vehicles and support the second-hand market.
Reporting by Brenda Goh; Editing by Jacqueline Wong
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