China is expected to unveil detailed rules and measures on boosting the auto sector on a rolling basis through this year, beginning in mid-March.
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Different state departments are working on rules, according to departmental responsibilities, the Xinhua state news agency reported.
According to Zeng Qinghong, general manager of Guangzhou Automotive Industry Group, altogether 17 detailed supporting measures are expected to be unveiled in March, May, July, September and November respectively.
According to the Xinhua report, the Ministry of Finance is drafting measures to promote auto sales in rural areas and new energy vehicle production and sales.
The Government Offices Administration of the State Council is in charge of drafting of rules on government procurement of vehicles.
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By GlobalDataThe Ministry of Industry and Information Technology (MIIT) is working on measures to encourage enterprises to carry out merger, acquisition and restructuring.
The China Banking Regulatory Commission is drafting measures on auto credit development.
MIIT organised a meeting with China Association of Automobile Manufacturers (CAAM) and heads of big automakers including SAIC, Guangzhou Automobile Industry Group and Chery Automobile last week to discuss the present economic situation and auto market, as well as the implementation of support measures including auto promotion sales in rural areas, government auto procurement and auto financing.
