{"id":125198,"date":"2025-09-07T09:28:05","date_gmt":"2025-09-07T09:28:05","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/125198\/"},"modified":"2025-09-07T09:28:05","modified_gmt":"2025-09-07T09:28:05","slug":"chinese-regions-dial-back-car-subsidies-as-funds-dry-up","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/125198\/","title":{"rendered":"Chinese Regions Dial Back Car Subsidies as Funds Dry Up"},"content":{"rendered":"<p>Multiple provinces in China are reining in vehicle trade-in subsidies, dealing a blow to auto sales and casting doubt on the durability of the national stimulus program.<\/p>\n<p>On Sept. 4, the Department of Commerce in Hubei province said it was cutting auto trade-in incentives to two levels \u2014 3,000 yuan ($411) and 5,000 yuan \u2014 from a previous range of 7,000 to 15,000 yuan. The application process has also become more complex. Starting Sept. 5, buyers must obtain an eligibility voucher before purchasing a new car. The provincial platform releases a limited number of vouchers daily, with volume adjusted according to fund usage. The tighter policy has led some sales staff to suggest buyers seek subsidies in neighboring provinces instead.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/09\/loading.gif\" alt=\"loadingImg\"\/><\/p>\n<p>You&#8217;ve accessed an article available only to subscribers<\/p>\n<p>VIEW OPTIONS<\/p>\n","protected":false},"excerpt":{"rendered":"Multiple provinces in China are reining in vehicle trade-in subsidies, dealing a blow to auto sales and casting&hellip;\n","protected":false},"author":2,"featured_media":125199,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":["post-125198","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/125198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=125198"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/125198\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/125199"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=125198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=125198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=125198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}