From June to August this year, about 3.553 million vehicles enjoyed the vehicle purchase tax reduction policy, with a total reduction of 23.04 billion yuan. Specifically, in June, 1.097 million vehicles enjoyed the tax reduction policy, with a tax reduction of 7.1 billion yuan; In July, there were 1.16 million vehicles, with a tax reduction of 7.58 billion yuan; In August, there were 1.296 million vehicles, with a tax reduction of 8.36 billion yuan. The relevant person in charge of the State Administration of Taxation said that the number of vehicles enjoying the policy and the tax reduction showed a monthly growth trend, which showed that the policy was gradually gaining strength and the benefits were steadily expanding. As an important pillar industry of the national economy, the automobile industry has a long chain, a wide range of employment and a great role in stimulating consumption. In order to stabilize the macro-economic situation, promote the development of the automobile market and stimulate automobile consumption, China has deployed a package of measures to stabilize the economy, proposed to reduce the purchase tax of some passenger cars in stages, and reduced the purchase tax by half for passenger cars with a displacement of 2.0 liters or less whose purchase date is from June 1, 2022 to December 31, 2022 and whose single vehicle price (excluding value-added tax) does not exceed 300000 yuan. With the help of a series of policies, China's automobile market has gradually recovered. According to the data of China Automobile Industry Association, China's automobile production and sales reached 2.395 million and 2.383 million respectively in August, up 38.3% and 32.1% year-on-year, both higher than last month. (Li Xinshe)