China kicks off subsidised auto trade-ins
Tweet
Share
E-mail
FILE PHOTO: Cars park beside Futian Checkpoint, one of the border crossings to Hong Kong, in Shenzhen, Guangdong province, China July 5, 2022. REUTERS/David Kirton/File Photo
BEIJING (Reuters) - China's commerce ministry kicked off subsidised auto trade-ins on Friday, extending a program likened to the U.S. "cash-for-clunkers" stimulus that had bolstered China's car sales last year.
The auto trade-in subsidies were announced earlier this month as part of the expanded consumer trade-in scheme to revive economic growth.
(Reporting by Beijing newsroom)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Malaysia PM Anwar undergoing medical procedures, aide says
- Shein finds there's no place like China after Vietnam warehouse experiment disappoints
- Westpac reports 20% drop in mortgage applications after Australia scraps tax breaks
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
