China Auto Subsidy Scheme Unravels, Leaving Consumers and Banks Exposed

China Auto Subsidy Scheme Unravels, Leaving Consumers and Banks Exposed

China Auto Subsidy Scheme Unravels, Leaving Consumers and Banks Exposed - Two Hebei dealerships allegedly exploited trade-in incentives and auto financing, leaving nominal car owners and buyers of discounted vehicles facing loan defaults and repossession risks