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在线翻译:
szdaily -> Business -> 
50-percent cut to car purchase tax possible
    2018-11-01  08:53    Shenzhen Daily

THE government is considering a tax cut to revive its flagging automotive market, according to sources, lending support to a key industry.

The measure would apply to cars with engines no bigger than 1.6 liters, said the sources. Cars of that engine size accounted for some 70 percent of the total number of passenger vehicles sold last year, according to the China Association of Automobile Manufacturers. The National Development and Reform Commission has submitted a plan but no decision has been made, they said.

“This is definitely good news and a message the market has been waiting for,” said Juergen Pieper, a Frankfurt-based analyst with Bankhaus Metzler.

Earlier this month, the China Automobile Dealers Association (CADA) has reportedly submitted documents to the country’s finance and commerce ministries proposing the 10-percent auto purchase tax be halved.

China made a similar cut to the car purchase tax in September 2015.

If stimulus is announced in the coming weeks, the 2015 experience suggests expectations for 2019 industry sales could be revised higher by as much as 2 million to 2.5 million units, or as much as 10 percent, Sanford C. Bernstein & Co. analysts including Robin Zhu said. (SD-Agencies)

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