While the Beijing Auto Show received attention, good news from the automotive industry also poured in. Last Friday, the Ministry of Commerce, the Ministry of Finance, and seven other departments jointly issued the “Implementation Rules for Subsidies for Automobile Trade ins”. Industry insiders believe that the clarification of the above detailed rules is a significant benefit for the automotive market. The new policy will definitely stimulate the automotive market, and is expected to drive new car sales to a scale of millions. And car companies should also provide corresponding policy support.
While the Beijing Auto Show received attention, good news from the automotive industry also poured in. Last Friday, the Ministry of Commerce, the Ministry of Finance, and seven other departments jointly issued the “Implementation Rules for Subsidies for Automobile Trade ins”. Industry insiders believe that the clarification of the above detailed rules is a significant benefit for the automotive market. The new policy will definitely stimulate the automotive market, and is expected to drive new car sales to a scale of millions. And car companies should also provide corresponding policy support.