SHANGHAI: China's automobile industry association downgraded its 2022 sales forecast on Monday as anti-pandemic measures weighed on the economy and its car market, the world's largest.
Overall growth of around 3 per cent compares with the 4.4 per cent achieved in 2021 and the 1.9 per cent fall of 2020. That tax break has affected purchases of close to 1.1 million vehicles, bringing a tax loss of 7.1 billion yuan for the government, the official People's Daily said.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
166 million-dollar HDB resale flats sold in the first half of 2022 - The Independent News31 HDB resale flats were transacted for at least a million dollars last month, according to the 99.co and SRX Flash Report on the HDB resale market in June 2022. This brings the total number of million-dollar flats sold in the first half of 2022 to 166, a 57% increase from the 106 million-dollar flats sold …
Source: IndependentSG - 🏆 2. / 72 Read more »
Shanghai braces for more mass COVID-19 testing amid fresh curbs across ChinaBEIJING: Multiple Chinese cities are adopting fresh COVID-19 curbs, from business halts to lockdowns, to rein in new infections, with the commercial hub of Shanghai bracing for another mass testing campaign after detecting the BA.5 Omicron subvariant. As China sticks to its 'dynamic zero-COVID' policy of p Expected.. as long as 0 covid is the target
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Russia threatens broad Ukraine offensive as US presses China over war stanceKYIV: Ukrainian defenders battled on Saturday (Jul 9) to contain Russian forces along several fronts, officials said, as the United States urged China to align itself with the West in opposing the invasion following an ill-tempered G20 meeting. A missile strike on the northeastern city of Kharkiv wounded t
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Russia threatens broad Ukraine offensive as US presses China over war stance
Source: STForeignDesk - 🏆 4. / 71 Read more »
China can consider increasing its budget deficits - ex-finance ministerBEIJING : China can consider further deficit spending by the central and local governments, if needed, to finance support for small businesses, a former finance minister said on Saturday. To spur consumption, some local governments have issued consumption vouchers, but those steps remain inadequate due t
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »