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China Extends Lottery System for New Car Incentives

Adam ·
China Extends Lottery System for New Car Incentives

If you are looking to snag a new car in China, you might have to rely on a bit of luck. The government has officially extended its unique lottery system for residents hoping to access incentives for vehicle trade-ins or scrappage schemes. Rather than simply applying for a discount, drivers must enter a drawing to see if they qualify for the financial support needed to upgrade their ride.

This unconventional approach has been kept in place to manage the massive demand for new vehicles while keeping road congestion in check. While it might seem strange to leave a car purchase up to chance, this system remains a key part of how the country handles automotive subsidies today.

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