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China plans to inject $41.4 billion to boost car sales and promote new energy vehicles by 2025.
China is implementing measures to boost its automotive market by easing car purchase restrictions and expanding trade-in policies.
The government plans to inject 300 billion yuan ($41.4 billion) into consumer goods trade-in programs and aims to increase car sales to 23.4 million units by 2025, with new energy vehicles expected to capture 57% of the market.
The used car market will also benefit from enhanced cross-regional transactions and third-party platforms.
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China planea inyectar 41.400 millones de dólares para impulsar las ventas de automóviles y promover nuevos vehículos energéticos para 2025.