{"id":119273,"date":"2025-09-06T20:00:17","date_gmt":"2025-09-06T20:00:17","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/119273\/"},"modified":"2025-09-06T20:00:17","modified_gmt":"2025-09-06T20:00:17","slug":"chinese-regions-dial-back-car-subsidies-as-funds-dry-up","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/119273\/","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\/uk\/wp-content\/uploads\/2025\/07\/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":119274,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":["post-119273","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/119273","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=119273"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/119273\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/119274"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=119273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=119273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=119273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}