BEIJING: China’s push to encourage the automotive industry is taking shape through measures including the expansion of trade-in policies, strengthening the used car market and easing purchasing restrictions, boosting confidence among automakers, dealers and consumers.
An injection of long-term special treasury bonds amounting to 300 billion yuan will be issued in 2025 to support the expansion of consumer goods trade-in programmes, notably automobiles, which was outlined in an action plan revealed by the central government in mid-March.
