China enjoyed break-neck pace sales increases during 2010, followed by a nearly flat 2011 with the end of subsidies – leaving some questioning what the government will do in 2012.
This has prompted the Chinese government to consider a return to action, according to a report in China Daily via The Truth About Cars. Huang Hai, the former assistant minister of commerce and a member of the economic and trade policy consulting committee told the Chinese outlet that “new measures are in the pipeline,” referring to possible subsidies for 2012.
This notion was also confirmed by another ministry of commerce spokesman, Shen Danyang, who said that the organization should announce new programs next week as they are putting the final touches on them now.
A previous report by Leftlane suggested an expected growth in China’s auto sector of between eight and 10 percent in 2012, but those figures may need revisiting should China decide to further subsidize new car sales.
References
1.’Worried China…’ view
