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China Wants Everyone to Trade In Their Old Cars, Fridges to Help Save Its Economy

Bloomberg reports that China’s world-beating electric vehicle industry, at the heart of growing trade tensions with the US and Europe, is set to receive a big boost from the government’s latest effort to accelerate growth.
China Wants Everyone to Trade In Their Old Cars, Fridges to Help Save Its Economy
That’s one takeaway from what Beijing has revealed about its plan for incentives that will encourage Chinese businesses and households to adopt cleaner technologies. It’s widely expected to be one of this year’s main stimulus programs, though question-marks remain — including how much the government will spend. Four months after President Xi Jinping flagged a proposal to help households and... ...

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