China: Vehicle subsidy raise comes into effect

The government of China has increased its subsidy for the replacement of old vehicles with new ones, as of 1 January 2010. This move is part of an extension of the stimulus package for the country's automotive industry. According to a statement released by the Chinese Ministry of Commerce, the subsidy It’s time to log … Continued

The government of China has increased its subsidy for the replacement of old vehicles with new ones, as of 1 January 2010. This move is part of an extension of the stimulus package for the country's automotive industry.

According to a statement released by the Chinese Ministry of Commerce, the subsidy

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