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After the purchase tax is not halved, the car will still rely on internal power in the future.

< img src= "https://www.xianshu.cn/ueditor/php/upload/image/20181116/1542333364976128.jpg" alt=" policy, car purchase tax "title=" policy, car purchase tax " < p style='padding: 0px; border: 0px; font-size: 17px; color: rgb (73373); font-family: Arial," Microsoft YaHei "; white-space: normal; Background-color: rgb (255255255); margin-top: 20px; line-height: 2em; margin-bottom: 20px! important;' > on November 15, at a news conference of the National Development and Reform Commission, Meng Wei, spokesman of the National Development and Reform Commission, explicitly denied rumors that "the NDRC plans to reduce the vehicle purchase tax to 5%." Meng Wei said that at present, the NDRC has not studied or made a proposal to "halve the car purchase tax to 5%." < p style='padding: 0px; border: 0px; font-size: 17px; color: rgb (737373); font-family: Arial, "Microsoft YaHei"; white-space: normal; background-color: rgb (255255255); margin-top: 20px; line-height: 2em; margin-bottom: 20px! important;' > earlier, there were rumors that the National Development and Reform Commission planned to halve the tax on the purchase of light vehicles to 5 per cent in response to the economic slowdown. This measure will apply to cars with a displacement of no more than 1.6L. The National Development and Reform Commission has submitted a purchase tax relief plan, but has not yet made a specific decision. < p style='padding: 0px; border: 0px; font-size: 17px; color: rgb (737373); font-family: Arial, "Microsoft YaHei"; white-space: normal; background-color: rgb (255255255); margin-top: 20px; line-height: 2em; margin-bottom: 20px! important;' > behind the rumors is the continuous "cold" situation in China's car market. Since the second half of 2018, domestic automobile production and sales have declined for 4 months in a row, and there is a trend of gradual expansion. In October, car production and sales reached 2.334 million and 2.38 million respectively, down 10.1 per cent and 11.7 per cent respectively from a year earlier, of which passenger car production and sales fell 10 per cent and 13 per cent, respectively. < p style='padding: 0px; border: 0px; font-size: 17px; color: rgb (7373373); font-family: Arial, "Microsoft YaHei"; white-space: normal; background-color: rgb (255255255); margin-top: 20px; line-height: 2em; margin-bottom: 20px! important;' > in fact, as an important tax in China's tax system, vehicle purchase tax has indeed played a significant role in boosting the consumption of the car market. Prior to this, China has twice implemented the policy of halving the purchase tax on passenger models with emissions of 1.6L and below. In January 2009, China introduced the policy of halving the purchase tax on models with 1.6L and below for the first time, and the sales of passenger cars surged 47% in that year. At the end of October 2015, China again introduced the policy of halving the purchase tax on passenger cars with 1.6L and below, and the sales of passenger cars increased by 17% the following year. < p style='padding: 0px; border: 0px; font-size: 17px; color: rgb (737373); font-family: Arial, "Microsoft YaHei"; white-space: normal; background-color: rgb (255255255); margin-top: 20px; line-height: 2em; margin-bottom: 20px! important;' > however, in the past two years, the effectiveness of the purchase tax policy has become less obvious. In 2017, on the basis of the purchase tax concession, the narrow passenger car market also achieved a growth rate of only 2.7%. < p style='padding: 0px; border: 0px; font-size: 17px; color: rgb (7373373); font-family: Arial, "Microsoft YaHei"; white-space: normal; background-color: rgb (255255255); margin-top: 20px; line-height: 2em; margin-bottom: 20px! important;' > < span style= "font-size: 16px; Xu Haidong, assistant secretary general of the China Association of Automobile Manufacturers, said in an interview with the media, "the China Automobile Association does not support or approve of introducing such a short-term policy to stimulate the rapid growth of the car market, because it is easy to cause fluctuations in the car market." Xiao Zhengsan, secretary general of the China Automobile Circulation Association, also said, "what we really look forward to is to rely on the internal increasing power of the market to promote the sustainable development of China's overall automobile industry and the car market." < p style='padding: 0px; border: 0px; font-size: 17px; color: rgb (7373373); font-family: Arial, "Microsoft YaHei"; white-space: normal; background-color: rgb (255255255); margin-top: 20px; line-height: 2em; margin-bottom: 20px! important;' > A person in charge of the car company, who spoke on condition of anonymity, also admitted to the Beijing Business Daily," in view of the impact of the general industrial environment, we cannot expect the purchase tax to rescue the market, but we should still work hard to practice our internal skills. " < p style='padding: 0px; border: 0px; font-size: 17px; color: rgb (7373373); font-family: Arial, "Microsoft YaHei"; white-space: normal; background-color: rgb (255255255); margin-top: 20px; line-height: 2em; margin-bottom: 20px! important;' > it is worth noting that, compared with the short-term purchase tax policy, many people in the industry recently think that the stock should be activated to promote the development of the market. Shen Jinjun, director of the China Automobile Circulation Association, pointed out that the crux of the car market lies in the circulation link, which requires reducing the transaction cost of used cars, increasing the replacement rate of vehicles, activating the trading of used cars, and stimulating the increment with the help of invigorating the stock. Improve the penetration of automobile consumption finance, tap demand, face the rural market, use commercial vehicles as a means of production to help farmers get rich, and then pull the passenger car market. < p style='padding: 0px; border: 0px; font-size: 17px; color: rgb (737373); font-family: Arial, "Microsoft YaHei"; white-space: normal; background-color: rgb (255255255); margin-top: 20px; line-height: 2em; margin-bottom: 20px! important;' > the data show that under the condition of continuous decline in automobile production and sales, the domestic used car market is becoming more and more active. In September this year, the national used car market traded 1.2206 million vehicles, up 2.77% from the previous month. From January to September, 10.1472 million used cars were traded nationwide, an increase of 12.91% over the same period last year, and the cumulative transaction amount was 630.543 billion yuan, an increase of 4.4% over the same period last year. < p style='padding: 0px; border: 0px; font-size: 17px; color: rgb (7373373); font-family: Arial, "Microsoft YaHei"; white-space: normal; background-color: rgb (255255255); margin-top: 20px; line-height: 2em; margin-bottom: 20px! important;' > < span style= "font-size: 16px; In addition, for the future development of the car market, Meng Wei also stressed that although the current decline in the growth rate of sales in the automobile industry will bring some pressure on the production and operation of enterprises in the short term, it is also objectively conducive to giving full play to the role of the market mechanism, enhancing the competitiveness of backbone enterprises, eliminating backward production capacity, promoting industrial transformation and upgrading, and promoting high-quality development.

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