Car manufacturers: Inland drive

It's amazing what a few government incentives and a dollop of positive sentiment can achieve. In August 2008, China experienced its first month-on-month decline in auto sales in three years. The negative sales figures continued to the end of the year, with full-year sales growth coming in at 6.7%, its lowest level in a decade.

Enter Beijing. In January, the purchase tax on new vehicles with engines of 1.6 liters or less was halved. Subsidies were also introduced on a range of consumer...

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