China to Raise Tax on Smaller Cars to 7.5% Through 2017: Sources

Vehicles budge along a road in Shanghai, China.

Photographer: Tomohiro Ohsumi/Bloomberg

China will raise the sales tax on puny cars to 7.Five percent, curbing an incentive that has propped up the auto industry, which is heading for its 26th consecutive annual expansion, according to people familiar with the matter. Continue reading →