· A new round of car going to the countryside policy is expected to be introduced in the near future

· A new round of car going to the countryside policy is expected to be introduced in the near future

In order to stimulate consumption and expand domestic demand, a new round of "cars going to the countryside" policy is expected to be introduced in the near future. The "car to the countryside" policy is expected to be "expanded" compared with the previous one. Previously, the state granted a one-time financial subsidy to farmers to purchase mini-buses with a displacement of less than 1.3 liters. The new round of policies may extend the subsidies to small-displacement cars and heavy-duty trucks below 1.3 liters.

At present, the rural market has become an important engine for the growth of home appliances and automobile consumption. Statistics from the National Bureau of Statistics show that since April this year, the growth rate of retail sales in rural areas has begun to exceed that of cities, and the growth rate difference between the two has increased significantly in August. Compared with urban residents, the income growth of farmers and low-end manufacturers is more obvious, and the growth potential of consumption is greater.

In 2011, the number of cars per 1,000 people in China was 70, about half of the world average. Second- and third-tier cities and rural areas have low car ownership and large rigid demand, which is expected to become the main force for the growth of the automobile market in the future. In the context of the current slowdown in macroeconomic growth, automobile consumption is expected to play an important role in stimulating domestic demand growth. The “car to the countryside” policy is one of the current better economic stimulus options.

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