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China is on the verge of extending a tax rebate on purchases of new-energy vehicles or NEV for short until the end of 2020. It’s going to be a boost for electric and hybrid car makers amid a shift by policy-makers away from the conventional internal combustion powerplant.
As the finance ministry told on Wednesday the tax exemption that was set to expire at the end of 2017, is going to run from January 1, next year until December 31, 2020 for plug-in petrol-electric hybrid, electric as well as fuel-cell powered cars.
The extension emerged as Chinese car makers brace to meet severe NEV quotas starting in 2019, which are sparking a flurry of electric vehicle deals as well as new launches of electric and also hybrid models.
China's car market, which is the world's largest one, has slowed steeply in 2017, although new-energy vehicles have appeared to be a bright spot – their sales managed to leap 51.4% in this Asia country.
On Thursday, American leader Donald Trump unveiled that he generally disliked the Fed’s decision to have interest rates lifted, telling that he was concerned about their probable impact on the American economy as well as American competitiveness…
Inflation data is the most important indicator that affects the central bank’s monetary policy.
Although yesterday the US dollar index closed at the low level comparing to the daily movement, today it has been moving up again.
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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