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China Mulls Stimulus as Car Sales Drop 

China Mulls Stimulus as Car Sales Drop 

Assessment

Interactive Video

Business, Architecture

University

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

The video discusses the surge in car sales in 2015 and the subsequent slowdown in the Chinese auto market. It highlights a proposal by China's National Development Reform Commission to cut sales taxes on cars with smaller engines, which could stimulate the market. The news has already impacted global car makers like VW, Ford, and Daimler positively. The slowdown is partly attributed to the trade war affecting consumer confidence and policy confusion. The proposed tax cuts aim to refocus consumer interest and potentially boost the market, benefiting both Chinese and international automakers.

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5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the proposed change in sales tax for cars with engine sizes of 1.6 liters or below in China?

From 10% to 5%

From 15% to 10%

From 5% to 2%

From 20% to 15%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which car manufacturers saw a rise in their shares due to the tax proposal news?

Hyundai, Kia, and Tesla

VW, Ford, and Daimler

BMW, Audi, and Mercedes

Toyota, Honda, and Nissan

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

By what percentage did passenger car purchases fall in September?

15%

20%

10%

13%

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did the trade war affect consumer confidence in China compared to the US?

It had no impact in China

It increased confidence in China

It impacted the US more than China

It impacted China more than the US

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which Chinese automakers might benefit from the proposed tax cut?

Ford and VW

Renault and Nissan

BYD and Geely

Toyota and Honda

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