Auto Industry Report - Overview of Auto Industry

Overview of Auto Industry
1. Definition of Auto Industry
Autos in this report mainly refer to passenger motor vehicles, including buses, cars, sedans, SUVs,all-terrain golf carts and others.
2. Tax Rebate on Exports
After multiple adjustments, the tax rebate rate of passenger motor vehicle exports (bus, car, sedan, and SUV) is currently fixed at 17% in China, and that of golf cart at 9%.
3. Auto Industry Prospect
Since it became a member of WTO, trade between China and all countries in the world has become ever more active and frequent, especially in the case of the auto industry. The Government has designated the auto industry as a national pillar industry, and auto export as one of the areas the auto industry emphasizes to develop. Currently, auto export of our country, either automobile export or spare parts export, is satisfactory, and has achieved a enviable achievement.