CHINA: Provincial official suggests tax-paying threshold for vehicle buyers

Author: just-auto.com editorial team | 17 January 2011

More restrictions on who can buy new cars may be on the way for China. Following recent news of new rules for Beijing, comes a local report citing Zhejiang Provincial Committee member Zhou Jianqiao as saying: "Only businesses or individuals paying over CNY50,000 (US$7,600) of taxes annually should be allowed to purchase a vehicle."

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