China`s state planning agency said on Tuesday it will loosen restrictions on the second-hand auto market, and provide subsidies to help boost rural sales of some vehicles and sales of new energy vehicles.
Auto sales in the world`s biggest car market shrank for the first time in 2018 since the 1990s, as China grapples with a slowing economy.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.