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China provinces dial back car subsidies

Summary by China Economic Review

Multiple provinces in China are reining in vehicle trade-in subsidies, dealing a blow to auto sales and casting doubt on the durability of the national stimulus program, reports Caixin. On Sept. 4, the Department of Commerce in Hubei province said it was cutting auto trade-in incentives to two levels—RMB 3,000 ($411) and RMB 5,000—from a […]

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China Economic Review

China provinces dial back car subsidies

Multiple provinces in China are reining in vehicle trade-in subsidies, dealing a blow to auto sales and casting doubt on the durability of the national stimulus program, reports Caixin. On Sept. 4, the Department of Commerce in Hubei province said it was cutting auto trade-in incentives to two levels—RMB 3,000 ($411) and RMB 5,000—from a […]

3 days ago

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China Economic Review broke the news in 3 days ago on Tuesday, September 9, 2025.

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