Chinese green car buyers to get rebates -paper

Newswire

SHANGHAI, May 24 (Reuters) - China will award buyers of green cars with subsidies of up to 60,000 yuan ($8,789) each, the Shanghai Securities News said on Monday, as it steps up efforts to cut emissions in the world's biggest auto market. The Chinese government has worked out a plan to subsidise green car buyers and will unveil details by the end of this month, the newspaper said, citing people with knowledge of the matter. Subsidies will be based on the performance and energy-savings ...

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