At present, the financial crisis is lingering. All of countries in the world must face lots of challenge. The Chinese government released a series of stimulus package to boost auto industry recently and wanted to keep the nationwide economy forward smoothly.

The Government of Guangdong province will subsidize Guangzhou automotive industry with up to RMB1bn (US$146m) to make its own brand of vehicles as part of the central government's stimulus package for the auto industry. Other provincial governments have announced similar subsidies. The government of Jilin province will support the country's second-largest automaker First Auto Work Group.

The market and the customers give positive response about these stimulus packages. Auto experts predict that the market will revive in Q4 of this year.

Source : english.chinabuses.com

Editor : Frederick

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Tags: Government support Auto