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China allocates 6.4 billion yuan for vehicle trade-in subsidies

China’s Ministry of Commerce’s recovery efforts have announced plans to facilitate:

  • consumer goods exchange programs

  • aiming to increase used vehicle transactions by 45% by 2027
  • will offer subsidies to car owners who scrap their cars and replace them with new electric vehicles (NEV)

Buy a junkyard then use it as a trade – arbitrage opportunity!

This article was written by Eamonn Sheridan at www.forexlive.com.


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