World

⚡Coronavirus-Hit China Offering Cash Incentives to Car Buyers Amid Slump in Auto Sector

By Team Latestly

In Xiangtan, which houses three million citizens, Geely - the state-owned car manufacturer - is offering 3,000 yuan ($429) - to customers opting to buy vehicles made by the company. In neighbouring city of Foshan, car manufacturers have decided to offer 2,000 yuan to customers buying new cars, whereas, 3,000 yuan would be offered to those replacing their existing cars.

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