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chinese subsidy


China expands new car subsidies, excludes small cars

Like most other countries with native automobile industries, China has implemented a Cash-For-Clunkers-style used car scapping program. Interestingly, the Chinese government is also subsidizing the replacement of old, inefficient home appliances for newer units as well, but that's a story for another site. The program was unveiled last March, but was only available for buyers from rural areas looking to replace their old minivans and light trucks. Now, the scheme has been expanded and covers a number of large metropolitan areas at a cost of 5 ... Read more →

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