News Snapshot:
( Bloomberg ) -- Beijing will offer subsidies to consumers who buy new energy vehicles to replace older cars as the city seeks to stabilize and economy hit by Covid outbreaks and control measures . Those who retire a car registered in the city more than 1 year ago and purchase a new energy vehicle by the end of 2022 will receive a subsidy of as much as 10,000 yuan ($ 1,499 ), according to a plan issued by the municipal government Thursday. The measures follows moves by the central government to halve the purchase tax on some low-emission passenger...
