China has allocated 6.4bn yuan for vehicle trade-in subsidees ...Middle East

China's Ministry of Commerce stimulus effort, announcing plans to facilitate: trade-in programs for consumer goodsaiming to increase second-hand vehicle transactions by 45% by 2027 will offer subsidies to car owners who scrap cars and replace them with new electric vehicles (NEVs)Buy a clunker then use it as a trade in - arb opportunity! This article was written by Eamonn Sheridan at www.forexlive.com.

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