China: State Council Spells out Consumption Policies for 2010

The State Council meeting yesterday spelled out eight consumption policies in 2010. Most of them are in line with market expectations. But two changes can be viewed as negative by the market or some market participants: an effective increase in the auto purchase tax by 2.5ppts, and the resumption of the business tax for sales of properties held for less than 5 years from 2010.

Please see full article below for more information.

LOADING PDF: If there are any problems, click here to download the file.