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Fengfan chairman asks for Chinese lead-acid battery tax delay

Wed, 03/23/2016 - 10:26 -- Paul Crompton
Fengfan chairman asks for Chinese lead-acid battery tax delay

A senior Chinese official has said the lead battery consumption tax levied at the beginning of this year should be delayed or even exempted.

National People’s Congress (NPC) representative Liu Baosheng, who is also the chairman of Chinese lead-acid battery manufacturer Fengfan, said an exemption of the 4% consumption tax would help to relieve downward pressure on the battery industry.

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