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Salvation plan of Chinese truck industy
The consecutive 5-month growth rate decline has well confirmed the affects of the financial downtown to the global auto market. Unavoidably, Chinese truck industry was also being affected. Faced with this problem, what’s the prospect of the Chinese automobile market? And will Chinese Government stand by it? Luckily, the results did not surprise us.

China pledged a 4 trillion yuan ($586 billion) stimulus plan to prop up growth in the fourth-largest economy as the world heads toward a recession. ...

China is preparing to implement a system of fuel pricing and tax reform on Jan. 1. The new policies have drawn criticism during their public comment phase, but the government has worked to deflect most complaints, and the precipitous drop in global ...

In an effort to boost vehicle demand, from March 1 to the end of the year, farmers who opt to replace three-wheeled vehicles or old trucks for new light commercial vehicles or minibuses powered by a 1.3-liter engine or less will get a maximum subsidy of $731, the Ministry of Finance said.....

As one of the measures to stimulate the auto market demand, China may cut the sales tax on second-hand vehicles by half to 1%, Dongfang Daily reported....

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