China to End Subsidies to Auto Buyers in Rural Areas
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The Chinese government will end subsidies for vehicle sales in rural areas starting tomorrow, three days after announcing a halt in incentives for buyers of small vehicles.
The incentives being stopped in rural areas include those for small cars and trucks, the Ministry of Finance said in a statement on its website today. That will end a policy started in March 2009 to foster automobile demand at the height of the global recession.