Cars that are part of a vehicle trade-in program are on display at an auto expo in Yantai, Shandong province. [TANG KE/FOR CHINA DAILY] China’s new round of vehicle trade-in program, initiated recently, is part of the country’s efforts to further catalyze the consumption of big-ticket items and boost economic growth in the second half, … Continue reading Vehicle trade-in to boost consumption
Tag: subsidy
US urged to correct trade bullying practices
Vehicles run through a tunnel in Ji’nan, East China’s Shandong province. [Photo/Sipa] A Chinese industry body urged the United States to correct its unilateralism and trade bullying practices targeting China’s new energy vehicles and refrain from discriminatory subsidy policies, on Tuesday. The Inflation Reduction Act enacted by the US includes provisions that impose discriminatory policies … Continue reading US urged to correct trade bullying practices
Policies to lift market demand by 1 trillion yuan
A man inspects a Honda Civic sedan at the old-for-new promotion event in Handan, Hebei province, in April. HU GAOLEI/FOR CHINA DAILY Automakers and local governments have introduced preferential policies and activities to help the trade-in of vehicles, which is expected to boost market demand by 1 trillion yuan ($138 billion), say industry experts. China rolled … Continue reading Policies to lift market demand by 1 trillion yuan