China plans fund to develop energy-saving vehicles

Newswire

SHANGHAI, May 30 (Reuters) - China plans to allocate an annual fund of up to 2 billion yuan ($315.06 million) from this year to help develop and mass produce energy-saving vehicles to cut carbon emissions, the government said. Government departments, logistics operators and car rental firms in 25 pilot cities will be encouraged to use environment-friendly cars while buses with hybrid engines will run in major cities, according to a statement posted on the Ministry of Finance on Tuesday. It ...

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