China offers nearly $1,400 for car trade-ins
Beijing (AFP) April 27, 2024
Drivers in China who trade in an old car for a newer model are eligible for a subsidy of up to 10,000 yuan ($1,380), the commerce ministry has announced. China is the world's biggest market for cars, and the most competitive in the electric vehicle sector, with more than 100 homegrown companies racing to make the clean car of the future. But an economic slowdown has weighed on consumer s
