The adoption of adjusted taxes for vehicles and vessels under a new law is intended to contribute to efforts of energy conservation and emissions reduction in China, a government statement said.
General Motors Co (GM) may hasten plans to increase output in China after regulators in the world's largest automobile market said they will impose punitive duties on some vehicles imported from the US.
General Motors Co, which has sold more vehicles than any other automaker so far this year, may be poised for market share gains in China as a host of smaller, local players struggle to survive.
The 2011 China (Guangzhou) International Automobile Exhibition has been relatively calm for domestic manufacturers this year, with few major industry bosses attending.
Worries about the range of electric vehicles and a lack of widespread charging stations continue to preoccupy consumers in markets. China is the exception.