BEIJING : Chinese authorities announced measures on Friday intended to help boost sales of automobiles and electronics with the goal of shoring up a sluggish economy, but the steps failed to impress investors who have been clamouring for stronger stimulus.
As China's post-pandemic economic recovery slows, policymakers have identified the country's automobile sector as a key lever which they want to use to shore up growth. In June, they unexpectedly extended a purchase tax break on new energy vehicles until 2027. In March, a top industry association urged the auto industry and authorities to cool the 'price-cut hype' to ensure the healthy and stable development of the industry.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer: