China kicks off subsidised auto trade-ins

01/17/2025

Less than a minute

2025.01.17 06:12

© Reuters. 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.

01/17/2025

Less than a minute

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