Related News
China announces cash-for-vehicles program
Source: Xinhua |
June 8, 2011, Wednesday
|
Online Edition
Online Edition
CHINESE ministries announced today the details of the country's new cash-for-vehicles program, which will allow automobile owners to receive up to 18,000 yuan (US$2,769) for scrapping their unused vehicles this year.
Motorists will receive a state subsidy worth between 11,000 and 18,000 yuan if their vehicles are registered to be scrapped in 2011, according to a statement from the Ministry of Commerce and Ministry of Finance.
The program covers rural passenger vehicles between 6 and 15 years old, city buses between 8 and 15 years old and heavy trucks between 10 and 15 years old, the ministries said.
China ended an old-for-new automobile exchange program at the end of last year, which allowed motorists to exchange their old vehicles for subsidies on new vehicle purchases.
The exchange program covered a larger range of vehicles than the cash-for-car program, including light trucks and passenger cars. The exchange program was created to boost sales of new automobiles and cut emissions.
Motorists will receive a state subsidy worth between 11,000 and 18,000 yuan if their vehicles are registered to be scrapped in 2011, according to a statement from the Ministry of Commerce and Ministry of Finance.
The program covers rural passenger vehicles between 6 and 15 years old, city buses between 8 and 15 years old and heavy trucks between 10 and 15 years old, the ministries said.
China ended an old-for-new automobile exchange program at the end of last year, which allowed motorists to exchange their old vehicles for subsidies on new vehicle purchases.
The exchange program covered a larger range of vehicles than the cash-for-car program, including light trucks and passenger cars. The exchange program was created to boost sales of new automobiles and cut emissions.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
