InfoAnda - China outlines subsidies for rural auto purchases

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Tenn. demonstrates trend of looser guns laws | 12 December 2009
Emmanuelle Chriqui voted Most Desirable Woman 2010 | | 20 January 2010
US Afghan surge to begin this week | 15 December 2009

Palestinian, Russian directed films win top Mideast prizes | 18 October 2009

">Forum Views () ">Forum Replies ()

Read more with google mobile : China outlines subsidies for rural auto purchases

Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: China outlines subsidies for rural auto purchases By ELAINE KURTENBACH,AP Business Writer AP - Tuesday, March 17 SHANGHAI - China will reimburse up to 5,000 yuan (about $730) on farmers' purchases of light trucks and minivans, according to a plan aimed at boosting vehicle sales in the countryside to help counter an economic slowdown, the Finance Ministry says. ADVERTISEMENT Details of the "cars to the countryside" plan, announced earlier this year, were outlined in a Finance Ministry statement reported by the official Xinhua News Agency and other state media Monday. General Motors Corp.'s mini vehicle joint venture, SAIC-GM-Wuling, which claims about a 50 percent share of the Chinese market for such vehicles, will likely be one of the biggest beneficiaries from the plan. China intends to spend 5 billion yuan (about $730 million) on rural vehicle sales subsidies and another 20 billion yuan ($2.93 billion) on rebates to farmers for purchases of electrical appliances as part of an effort to stimulate demand in the vast but impoverished countryside, where the majority of its 1.3 billion people live. A plunge in exports due amid the global economic crisis has galvanized China's efforts to boost domestic consumption and shift away from reliance on foreign trade as its main engine for economic growth. The focus is on big-ticket items like cars, refrigerators and other consumer durables that already face a glut in supply due to overproduction. Although it is still early, broader tax cuts, which apply nationwide, already appear to have spurred vehicle purchases, which rose 25 percent in February from a year earlier. "These abundant subsidies will certainly help the domestic auto makers weather the crisis. The tax cuts boosted the urban auto market, and now it's the rural market that is getting help," said Zhang Xin, an industry analyst with Guotai Jun'an Securities in Shenzhen. Still, he said much would depend on how the plan is implemented at the local level. The plan outlined by the Finance Ministry calls for farmers who buy light trucks and minivans to get 10 percent subsidies, up to a maximum of 5,000 yuan ($730). Rural households can buy up to two motorcycles and qualify for a 13 percent subsidy of up to 650 yuan ($95) each, the ministry said. The program is expected to boost vehicle sales by more than 1 million units this year, helping push China's total auto sales above 10 million units for the first time, the state-run newspaper China Securities Journal and other reports said. Wuling estimates its sales in 2008 at 650,000 units, accounting for more than half of GM cars sold in China last year. Stymied by intense competition at home, China's automakers have aggressively sought to expand in world markets in recent years. But the slump in demand overseas is prompting China's auto industry to redouble efforts to expand the domestic market. ___ Associated Press researcher Ji Chen contributed to this report. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy TOPWRAP 4-Japan issues bleak report, banks provide hopeReuters - 2 hours 3 minutes ago Dollar pares losses vs euro after Fed manufacturing dataReuters - Tuesday, March 17 Japan PM launches economic crisis talksAFP - Tuesday, March 17 China's CITIC Securities teams with US brokerageAFP - Tuesday, March 17 Related Articles: Business GE shares back above $10Reuters - 1 hour 13 minutes ago US STOCKS-Bank optimism powers Dow and S&P 500 but tech offReuters - 1 hour 22 minutes ago Feds to go after Bernard and Ruth Madoff assetsReuters - 1 hour 25 minutes ago Swaraj Mazda board to mull rights issue March 19Reuters - 1 hour 42 minutes ago Agrium takes CF Industries offer to shareholdersAP - 1 hour 46 minutes ago Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Arrest warrant issued for Lindsay Lohan Twin boys for Charlie Sheen and wife Bailed-out AIG plans bonuses worth millions: report For sale: nagging wife, very high maintenance World Bank warns of "very dangerous" year ahead View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Monday, 16 March 2009
Red Cross report describes torture at CIA jails | International |
Nine international soldiers killed in Afghanistan
Pakistan defuses crisis, agrees to restore judge | International |
Israel's Netanyahu secures first coalition partner
Austrian incest father Fritzl on trial for murder | International |
Israel's Netanyahu secures first coalition partner | International |
Israeli envoys make final push to free soldier
Suicide bomber kills six police in Afghanistan | International |
Leftist Funes claims Salvador presidential win
Iraq's al-Maliki: US will stay in insecure areas
Gunmen kidnap four aid workers in south Somalia | International |
Pension funds to sue RBS for losses: report
Syria jails dissident despite detente with West
Stranded South Korean workers cleared to leave North | International |
Twin boys for Charlie Sheen and wife
Explosions near Madagascar presidential palace | International |
Climate change blues: how scientists cope
Bureaucracy and clashing rules hinder Iraq investment
El Salvador ex-rebels win power through ballot box | International |
Shuttle Discovery lifts off on mission to ISS
Cheney: US achieved much of what it wanted in Iraq
Space shuttle Discovery lifts off
Ugandan troops begin Congo pull-out: military | International |
Bernanke says US has averted new depression
AIG says 22 bln of govt funds paid other firms
US troops hold St Patrick's Day parade in Baghdad
OPEC holds off from oil output cut
Secret ICRC file says US practiced 'torture': report
Crisis a chance to tackle climate change, create green jobs
Cybersquatting cases hit record in 2008 | Technology |
Red Cross report describes "torture" at CIA jails
Climate change blues: how scientists cope
World's first solar-powered film premiere
Small software makers ripe for takeovers: report | Technology |
Wall St. underwater: rising seas to hit NY hard
Northeast US to suffer most from future sea rise
Phone banking service launched in Africa, Mideast
Mexico, US carry out exchange of 36 inmates
Record cases of 'cybersquatting' in 2008: UN
Wall St. underwater: rising seas to hit NY hard
Venezuela offers use of air base to Russia: Chavez
Cleopatra 'was part-African'
Grieving Winnenden buries its dead
Phone banking service launched in Africa, Mideast
Tupac's mother files cross-suit over film project | Entertainment |
Race to Witch Mountain takes first at box office | Entertainment |
Taiwan welcomes biggest Chinese tourist group
Lady GaGa wows with big beats, bluesy surprises | Entertainment |
Malaysia court upholds Muslim's return to Buddhism
Girl feared eaten by crocodile in Australia
Sri Lanka says rebel leader likely in war zone
Actor Ron Silver, 62, dies of cancer | Entertainment |
Stranded S.Korean workers cleared to leave North
Four more land roles in Shyamalan's Airbender | Entertainment |
Tests show Chinese athletes 'faking their age'
NZealand court serves papers through Facebook
Widow of Sammy Davis Jr. dies: report | Entertainment |
Pakistan agrees to restore judge
Cybersquatting cases hit record in 2008 | Entertainment |
China may have lost $80 bln on foreign equities
Malaysian Islamic court allows woman to revert to Buddhism
Actor Ron Silver dies in NYC at age 62 of cancer
Oil falls below $45 after OPEC delays cuts
Malaysians to preach tiger protection in mosques
Pakistani stocks surge 5.5 pct on judge decision
Foreign direct investment in China declines
China outlines subsidies for rural auto purchases
South Korea revised Feb exports down 18.3 pct
Korea Hot Stocks
Four more land roles in Shyamalan's "Airbender"
Met Opera celebrates 125 years with lavish gala
Taiwan dollar up on signs of econ optimism, exporters
NZ economy set for sharp contraction in Q4
Tupac's mother files cross-suit over film project
Reports: South Korea, EU near free trade deal
"MacGyver" being reassembled as feature film
Indonesian women eye seats in parliament
Actor Ron Silver dies in NYC at age 62 of cancer
Actor Charlie Sheen and wife welcome twin boys
Cybersquatting cases hit record in 2008
Attorney: Lohan will not appear in court Monday
World's first solar-powered film premiere
Iran's Khatami withdraws from presidential vote: allies | International |
Israel's Netanyahu inks first deal with far-right
Iran's Khatami withdraws from presidential vote
Austria's Fritzl denies murder, admits incest | International |
Reformist Khatami quits Iran presidency race: aide
Lebanese embassy opens in Damascus | International |
Sudan wants foreign groups to stop distributing aid
Bomb thrown at China government office: report | International |
Please save our water, world forum told
U.S. forces shot down Iranian drone: Iraq official | International |
At least 10 killed in Afghan blasts: police
Stocks rally as Russia urges economic reforms
World stocks rally but analysts doubt it can last
Sudan wants foreign groups to stop distributing aid | International |
Eurozone inflation picks up in February
Madagascar opposition calls for president's arrest | International |
Barclays considers toxic asset scheme
World Water Forum tackles freshwater crisis
Cybersquatting cases hit record in 2008 | Technology |
Shuttle Discovery heads for space station
Vatican starts Chinese website but some fear block | Technology |
Cash-hungry U.S. states turn to Web to auction goods | Technology |
Qualcomm says court dismisses Broadcom complaint | Technology |
Egypt's OT says Canada unit gets wireless spectrum | Technology |
Qualcomm says court dismisses Broadcom complaint
Bebo social network expands into Europe
Madonna may adopt another child from Malawi | Entertainment |
U.S. radio show host Don Imus has prostate cancer | Entertainment |
In bad economy, TV news turns to average Americans | Entertainment |
Telemundo, Endemol Spain ink sweeping telenovela pact | Entertainment |
Gunmen release six foreign oil workers in Cameroon
NKorea lets stranded SKoreans return home
Sci Fi Channel changing name, logo | Entertainment |
Pakistan reinstates sacked chief justice
Taiwan: Time not right for reducing China tensions
Arrest warrant issued for Lindsay Lohan | Entertainment |
Pakistan to reinstate top judge, defusing crisis
UN accuses Sri Lankan rebels of recruiting worker
Police find human remains after crocodile attack
Japan PM launches economic crisis talks
S.Korean tourists killed in Yemen blast
Hitachi replaces president
Myanmar astrologers plan lucky birth time Web site
China's CITIC Securities teams with US brokerage
China outlines subsidies for rural auto purchases
China shares rebound after losing week
Japan shows walking female robot for fashion show
US-ENTERTAINMENT Summary
Sci Fi Channel changing name, logo
NKorea partially reopens SKorea border: ministry
Correction: British theater's Olivier awards
Japan shares rise on hopes of steps to help banks
Warhol's Pop Art 60s and 70s revived in Paris
California's drought-resistent gardens are hot
Formula One: Girls, glamour fuel racing dreams
Indonesian election campaign season begins
Indonesia kicks off election campaign
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01