aaagamescrypto| Cui Dongshu of the Passenger Transport Association: The release of the implementation rules for the car trade-in subsidy is a major positive. The May auto market retail meeting was significantly better than April

Securities Times e Company NewsaaagamescryptoCui Dongshu, secretary-general of the Passenger Transport Association, issued a document saying that recently, seven departments including the Ministry of Commerce and the Ministry of Finance jointly issued the "Implementation Rules for Car Trade-in Subsidy", clarifying the subsidy policy for car trade-in funds. The implementation of the old-for-new policy is a major positive for the auto market. The retail sales of the auto market in May will be significantly better than in April. It is estimated that the total amount of scrapping should reach nearly 10 million. The subsidy for replacing old cars will bring an increase of one million to private new car consumption in the auto market, and can also bring an increase of more than 100 billion in annual consumption. In May, the auto market will inevitably sweep away the downturn and achieve better growth. If the scrapping and renewal policy provides a one-stop service for scrapping and renewal, and automobile companies provide better policy support, it is expected that the pulling effect will be more prominent.

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