Revised rules set to boost China auto market


A woman in Nanchang, Jiangxi province, learns about the features of a new energy vehicle at a BYD dealership with the help of a saleswoman. (BAO GANSHENG / FOR CHINA DAILY)

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.

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China , used car , bonds

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