China: Scrappage subsidy extended to 31 December

China's Ministry of Commerce has announced that it will extend the country's old vehicle replacement subsidy, which was initially scheduled to expire on 31 May 2010, to 31 December this year, Xinhua said. The subsidy is aimed at stimulating demand and replacing high-emission vehicles with cleaner models. The scheme was originally Subscribe to Automotive World … Continued

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• June 14, 2010