Vehicle Trade-in Subsidy Standard Raised

www.chinabuses.org: According to vehicle trade-in policy formulated by Commerce Department, vehicle trade-in subsidy standard is raised up again, up to 18,000 yuan (2,636 USD). The new policy, released on February 22nd, is to promote consumption of vehicles and cut emission.

 

Trade-in subsidy for all kinds of vehicles rose accordingly in the new policy. In addition, some car owners can also enjoy both the trade-in subsidy as well as tax reduction policy of 1.6 L below vehicles.

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