Some Chinese Cities Pause Car-Buying Subsidies as Funds Run Out

Some Chinese cities pause car-buying subsidies as funds run out

SHANGHAI (Reuters) -At least six cities and municipalities across China have suspended trade-in subsidies for car buyers in June, according to Reuters’ review of government announcements, which could slow new car sales in the world’s second-biggest economy. Notices from governments in Zhengzhou and Luoyang blamed the subsidy pause on the first round of funding allocated by Beijing for the programme running out, while Shenyang and Chongqing said …

China Pauses Vehicle Trade-In Incentive in Some Cities Due to Misuse Issues

China’s trade-in subsidy program for new vehicles has been suspended in several cities across the country.

China Car Trade-In Subsidy Halted in Some Areas as Funds Run Low – Bloomberg.com

China Car Trade-In Subsidy Halted in Some Areas as Funds Run Low  Bloomberg.com READ SOURCE