The Chinese government’s RMB6 billion ($960 million) promotional budget has done little to encourage consumers to buy energy-saving vehicles, the official news agency reports. The latest government funding to promote the sales of cars with engine displacement of 1.6L or less is on top of the RMB12 billion ($1.9 billion) available to subsidize energy-saving autos such as hybrids and electric vehicles since 2010. But the Xinhua news agency says consumers have shown little interest ...
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