Good Policy and Good Sale
2009-04-03 Source：english.chinabuses.com
Recently, the government's stimulus plan is pushing up auto sales across China's vast rural regions and giving the country's auto industry a shot in the arm. Another stimulus policy, which runs from the start of March to end of 2009 and is worth 5 billion Yuan, subsidizes farmers replacing three-wheeled vehicles or outdated trucks with small, 1.3-liter or less engine vehicles. Chinese farmers and other rural residents who buy a new minivan or light truck can also get a subsidy equal to 10 percent of the purchase price, up to a maximum of 5,000 Yuan. Rural drivers who replace an existing light truck or minivan with a new one can get a further 3,000 Yuan.
The subsidy policies are regulated through an agreement between the auto manufacturers and seven government offices; the Ministry of Finance, the Ministry of Commerce, the Ministry of Industry and Information Technology, the National Development and Reform Commission, the Ministry of Public Security, the General Administration of Quality Supervision, the Inspection and Quarantine and the State Administration for Industry and Commerce.
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