April 26, 2018 / 4:10 AM / 7 months ago

China considering cutting duty on imported cars by about half - Bloomberg

BEIJING, April 26 (Reuters) - China is considering cutting the import duty on passenger cars by about half as part of the country’s plan to further open up the automobile market, Bloomberg News reported on Thursday, citing people familiar with the matter.

China’s cabinet is weighing proposals to reduce the levy on imported cars to 10 percent or 15 percent from the current 25 percent, according to Bloomberg.

An announcement on the decision could be made as soon as next month, it added. (Reporting by Beijing Monitoring Desk Editing by Muralikumar Anantharaman)

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