China's Commerce Ministry is holding a meeting with executives from Auto firms, to optimise the trade-in scheme. To bolster sales using both new and existing policies

China's Commerce Ministry is holding a meeting with executives from Auto firms, to optimise the trade-in scheme. To bolster sales using both new and existing policies.

China's move to hold a meeting with auto executives signals a proactive approach in boosting domestic sales amid a challenging economic environment. The focus on optimizing the trade-in scheme suggests potential policy support that could stimulate consumer demand for vehicles, which, in turn, may have positive implications for global auto manufacturers and related sectors. This development is crucial as it reflects China's intent to stabilize and grow its economy, potentially affecting sentiment in global equity markets.