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China’s £¤7 billion subsidy program on auto & home appliance replacements released

A ¥7 billion ($1.03 billion) subsidy program on auto and home appliance replacements approved by the State Council was released by National Development and Reform Commission (NDRC) on June 3, 2009.  Under the program, the central government has increased the subsidies from earlier ¥1 billion to ¥5 billion for auto

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Local subsidies offered for individual purchase of new energy cars in 2009

With a considerable amount of local subsidies provided to those who buy new energy cars, the usually expensive fuel efficient hybrids and electric automobiles will become affordable to average families in Chongqing, Shanghai, Shenzhen and other places, according to a report in Shanghai Securities News.  On May 11, the Chongqing

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