China is handing out cash to car buyers to help revive the country’s automotive market, which suffered massive sales declines in the first quarter of 2020 — particularly due to COVID-19. “The auto industry plays a crucial role in China’s economy. More than 40 million people in the country rely on the sector for jobs, either directly or indirectly,” said CNN. “A healthy Chinese car market is also important to the rest of the world.” Car production has started to resume in China. (Source: CNN Business) Read the original story…
