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China

GlobalData blog: China’s 2026 auto trade-in subsidy policy upgrade: Rule changes & industry market impacts

China’s automobile trade-in subsidy policy has undergone a major adjustment in 2026, shifting from being a fixed-amount mechanism in 2025 to a proportion-based system. The aim of this revision is to drive automotive consumption upgrading as well as to boost the development of the domestic new vehicle market across a ....

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