China issues vehicle trade-in subsidies for 2024

On May 31, the Ministry of Finance of China (MOF) released an announcement on the issuance of vehicle trade-in subsidies for 2024 from the central government.
The subsidies amount to CNY 6.44 billion, with CNY 2.67 billion, CNY 1.97 billion, and CNY 1.79 billion for east, central, and west China, respectively. The to....

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