Tax cuts for Chinese car manufacturers

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Wall Street Journal: China Car Sales Rise Sharply in September

Article published: Oct 12, 2016 – out of date: no longer suitable for your IB Economics commentary

IB Economics syllabus: Microeconomics (government intervention: tax cut)

Thanks to tax cuts, Chinese car manufacturers can sell their products at lower prices. No wonder that there are a lot more sales since the introduction of the new tax policy. Moreover, this lower tax rate will only last until the end of this year, therefore – because of the expectations of higher prices in the future – demand has grown even more for new cars.

Source of image: IMAGINECHINA/ZUMA PRESS

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By EconDaddy IB Economics tutor|2022-01-13T10:45:07+00:00October 15th, 2016|Micro|Comments Off

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My name is Daniel Szekely and I work as an IB Economics tutor, examiner and teacher. Having earned an MA degree in Economics at the University of Aberdeen, I started my career as a financial analyst at Morgan Stanley, one of the largest investment banks of the world. Yet, despite the promising career prospects of the banking industry, I decided to make a larger social impact by becoming a teacher. Currently, I teach IB Economics at SEK Budapest International School and have been an examiner for over 8 years. I started EconDaddy as a simple blog to share great articles with my students and others taking IB Economics around the world to use for their commentaries. Being a practicing IB Economics tutor, I have first hand insight into the most common mistakes of students, so the EconDaddy blog now also provides exam and commentary writing tips.