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Subsidies

China Begins To Subsidize Auto Purchases To Revive Collapsing Sales

February 18, 2020 by Jonathan Custer

A China Automobile Dealer’s Association poll shows that dealers predict a drastic drop in sales of 50% to 80% this month, compared to February 2019. 70% of dealers have said they have seen “almost no customers” since the end of January.  As China remains on lockdown due to the coronavirus, some Chinese cities are beginning …

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