BEIJING (Reuters) - China's commerce ministry kicked off subsidised auto trade-ins on Friday, extending a program likened to the U.S. "cash-for-clunkers" stimulus that had bolstered China's car sales
China Initiates Subsidised Auto Trade-In Program
BEIJING (Reuters) - China's commerce ministry kicked off subsidised auto trade-ins on Friday, extending a program likened to the U.S. "cash-for-clunkers" stimulus that had bolstered China's car sales last year.
The auto trade-in subsidies were announced earlier this month as part of the expanded consumer trade-in scheme to revive economic growth.
(Reporting by Beijing newsroom)
