China vehicle sales to grow 5 percent in 2017 as tax cut reduced

China vehicle sales to grow 5 percent in 2017 as tax cut reduced
12-Jan-2017 01:27 BUSINESSNEWS

BEIJING(Reuters) - China's vehicle sales jumped 13.7 percent in 2016, the fastest pace in three years, thanks to a tax cut on small-engine cars but growth is expected to slow this year as the incentive is reduced.