Forex
globalreutersJune 3, 20241 Mins read
China has allocated 6.4bn yuan for vehicle trade-in subsidees
globalreutersJune 3, 20241 Mins read China’s Ministry of Commerce stimulus effort, announcing plans to facilitate:
- trade-in programs for consumer goods
- aiming to increase
second-hand vehicle transactions by 45% by 2027 - will offer subsidies
to car owners who scrap cars and replace them with new electric
vehicles (NEVs)
Buy a clunker then use it as a trade in – arb opportunity!
This article was written by Eamonn Sheridan at www.forexlive.com.
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