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BMW, Mercedes-Benz lower prices in China after VAT drop

BMW AG and Mercedes-Benz said on Saturday they will lower their prices in China, after the government announced it will reduce the country’s value-added tax (VAT) starting on April 1.

JEFFREY LIPTON in BARBADOS – http://feeds.reuters.com/~r/reuters/businessNews/~3/irt_26xzKhQ/bmw-mercedes-benz-lower-prices-in-china-after-vat-drop-idUSKCN1QX054