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China extends NEV purchase tax exemption worth 100 billion yuan

China extends NEV purchase tax exemption worth 100 billion yuan
China extends NEV purchase tax exemption worth 100 billion yuan Copyright Thomson Reuters 2022
Copyright Thomson Reuters 2022
By Reuters
Published on Updated
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BEIJING - China will extend its exemption of new energy vehicles' from purchase taxes to the end of 2023, creating tax cuts worth a total of 100 billion yuan, state media Xinhua quoted cabinet meeting as saying on Friday.

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