Top legislature adopts law on vehicle, vessel taxation

China's top legislature Friday voted to adopt a law on vehicle and vessel taxation, which is aimed at standardizing taxation and promoting environmental awareness and energy efficiency.

China's 199 million vehicles are currently subject only to a regulation on vehicle and vessel tax that took effect in 2007.

Source: Xinhua 2011-02-25

http://www.npc.gov.cn/englishnpc/news/Legislation/2011-02/28/content_1627202.htm