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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (45196)	1/12/2009 3:05:13 PM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 217769

yield vapourised Message 25316950

To: TobagoJack who wrote (45196)	1/17/2009 9:57:01 AM
From: Snowshoe	Read Replies (1) \| Respond to of 217769

TJ, I see that the mandarins have now embraced Bush-style tax cuts to encourage consumption. So as a loyal Chinese businessman, how are you going to help promote wastrelism in the Middle Kingdom? :O) China issues stimulus package for auto sector: state media sg.news.yahoo.com AFP - Thursday, January 15BEIJING (AFP) - - China has issued a stimulus package for its auto sector, including a tax cut, the first in a series of policies to boost key industries in the midst of the global crisis, state media said Thursday. The package from the State Council, or cabinet, includes a cut in the sales tax to five percent from 10 percent for cars with engines less than 1.6 litres, from January 20 until the end of the year, the China Daily reported. "In order to adjust and revive the auto sector, we must implement a proactive consumption policy ... to stabilise and boost auto demand," the State Council was quoted as saying. The government is expected to release supportive policies for eight other industries, including shipbuilding, petrochemicals and textiles, in the next few days, according to the paper. The package promises a 10-billion-yuan (1.5-billion-dollar) subsidy over the next three years for auto makers that upgrade their technology and develop alternative-energy vehicles. The government in particular wants to promote the mass production of electric cars in big and medium cities, according to the paper. The package also calls for five billion yuan to be spent as subsidies for farmers who opt to replace three-wheeled vehicles or outdated trucks with new, small vehicles, the paper said. Growth in the auto sector slowed to 6.7 percent last year, the lowest level in a decade, according to the paper. The slowdown is having an impact on balance sheets, with combined profits of the 19 biggest auto makers falling 0.5 percent in the first 11 months of last year to 65.6 billion yuan, it said.