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AFP

The tax goes into effect on Thursday

China has introduced an additional 10% tax on "super cars",

including Ferrari, Bentley, Aston Martin and Rolls-Royce.
The tax, affecting cars that cost more than 1.3m yuan ($189,000;
151,024), is aimed at curbing lavish spending and reducing
emissions, authorities said.
It is part of a wider effort by Chinese authorities against flashy
demonstrations of wealth, which has already hit other luxury brands.
China is a key market for high-end carmakers.
Automakers have in recent years increasingly tailored their luxury
models to appeal to Chinese buyers.
Both Rolls-Royce and Aston Martin are planning to release SUV
models in the next year, seen as a response to a Chinese preference
for large cars over sports vehicles.

'Rational consumption'
"In order to guide rational consumption, and promote energy-saving
emission reductions, the state Council has approved an additional
consumption levy on ultra-luxury cars," a statement by the Ministry
of Finance said.
The tax goes into effect on Thursday, although observers say it is
unlikely to be a major deterrent for the super rich.
Chinese President Xi Jinping has made a campaign against corruption
a centrepiece of his governing agenda, and has cracked down on
luxury spending as part of that.
The country's ruling communist party on Thursday also issued new
regulations for party officials against "pomp" as part of anti-corruption
efforts.
Top officials should "travel without pomp, minimise impact on public life,
and not have vehicles exceeding the set standards", the official Xinhua
news agency reported.

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