Trivium Neopol - Econ and Finance | Logo 25 May 2022

Vroom, vroom

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 On Monday, the State Council decided to slash auto purchase taxes by RMB 60 billion to drive consumption.

ICYMI: Lockdowns and COVID outbreaks have been doing a number on China’s auto sector (Reuters):

April sales dropped 48% y/y, the steepest decline since February 2020.

This tax cut is ...


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