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国内英语资讯:China Focus: China to significantly cut auto import tariffs from July
国内英语资讯:China Focus: China to significantly cut auto import tariffs from July
However, stressing that tariffs are only one of the factors in car pricing, the ministry said "whether and by how much prices go down are market phenomena."
With lower tariffs, the value-added taxes and consumption taxes on auto imports will decrease accordingly.
In 2017, China produced more than 29 million vehicles and sold 28.88 million, up 3.2 percent and 3 percent respectively, according to the CAAM.
China has remained to be the world's largest auto market in terms of production and sale for nine years. The country imported over 1.2 million vehicles last year.
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