China's Local Governments Plan to Subsidize Rural Auto Purchases

  • Previous subsidy program for rural buyers said to end in 2010
  • Incentives to be combined with purchase tax cut in October

Six Chinese provinces with a combined population exceeding the U.S. are among regions preparing to introduce subsidies for light-truck purchases, paving the way for an additional round of stimulus after a nationwide tax cut for auto purchases.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.