More subsidies available for replacing inefficient cars

The Chinese government has increased the amount of subsidies available to consumers who replace their old cars, reports Asia Pulse. A decision was made by the Chinese State Council to increase subsidies available for the scheme from 1 billion yuan (US$146.7 million) to 6 billion yuan.

This decision also expands a subsidy program from rural areas to major cities. Areas now qualifying for the "swapping old for new" subsidies will include Beijing, Shanghai, Tianjin and several provinces in China's affluent coastal regions. The earlier program focused on boosting rural sales of small vehicles and appliances.

The Chinese government has already announced a series of lifelines for the domestic industry, in an ultimately successful effort to fuel vehicle demand amid the global economic slowdown. This new effort will quicken the pace to take inefficient and high-emission vehicles off the roads.

If the government determined to reduce the pollution from vehicles in the country, I absolutely believe it can.