Subsidies for new energy cars to be cut again
(WorldNews Asia)

Subsidies for new energy cars will be cut further this year before being phased out in China altogether by the end of 2020, a source close to the matter said on Jan 17. The move would accelerate the exit of uncompetitive players from the fast-growing sector. `The move was scheduled to be released by the end of 2017, but there was some controversy and hence has been delayed for a while,` said...