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Here are some of China's New Year resolutions to boost its economy

  • China renewed a trade-in subsidy to support electric vehicle sales, helping carmakers like Tesla and BYD.
  • In 2024, 3.7 million buyers utilized the trade-in program, according to China’s Commerce Ministry.
  • Subsidies of up to 20% will now apply to various home appliances and digital products.
  • Top Chinese leaders aim to boost consumption and expand domestic demand in response to a property crisis.
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  • 45% of the sources are Center
45% Center
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