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China 4 New Auto Policies Will be Implemented in July

29-06-2007

In 1st July, customs of imported vehicle decreased to 25%, vehicle transportation accident responsibility compulsion insurance is formally realized, side and rear impact safety standard is implemented.

As last year, 1st July 2007 is also a "new policy day". From 1st July 2007, many new policies will be implemented, including new vehicle 7 boat tax, national 3 auto emission standard, life-long vehicle identification and Floating Pricing Mechanism on vehicle transportation accident responsibility compulsion insurance. All these automotive consuming policies will influence the auto market in the second half-year.



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