The Chinese Ministry of Commerce (MOFCOM) has received over 10 million subsidy applications for trade-ins of passenger vehicles since the launch of the auto trade-in scheme in April 2024, it said on Monday.
The MOFCOM's data shows that as of Sunday vehicle trade-in subsidy applications in 2025 reached 3.225 million, including 1.035 million applications for vehicle scrappage and renewal subsidies and 2.19 million applications for vehicle replacement subsidies.
The current trade-in policy provides subsidies for trade-ins of new energy passenger vehicles for up to 20,000 yuan (around 2,763 U.S. dollars) and of fuel passenger vehicles for up to 15,000 yuan (around 2,073 U.S. dollars), announced by the MOFCOM and seven other government departments in January. The policy has effectively stimulated auto consumption in the country. From Jan to April, the retail sales of passenger cars rose 7.9 percent year on year to 6.87 million units. The auto retail sales of major retailing enterprises monitored by MOFCOM increased by 1.9 percent year on year in April.
Notably, data suggests that new green and intelligent cars are popular among consumers in China. In the first four months of this year, over 53 percent of new vehicles replacing the old ones are new energy vehicles (NEVs). The retail sales of NEVs totaled over 3.3 million units, marking a year-on-year increase of 35.7 percent. The market penetration rate for NEVs, a gauge of popularity, reaches 48.4 percent, up 0.8 percentage points year-on-year.
Moreover, China's auto recycling and utilization capabilities are growing. In the first four months this year, around 2.77 million scrapped vehicles have been recycled, representing a 65 percent increase compared with the previous year.
China receives over 10 mln vehicle trade-in applications since launch of mass renewal program
China receives over 10 mln vehicle trade-in applications since launch of mass renewal program
The statement of U.S. President Donald Trump highlighted the urgency for reforming global governance, according to a poll from China Global Television Network (CGTN) on Friday.
"I don't need international law," said Trump during an with The New York Times this week, days after the U.S. attack on Venezuela and the forcible seizure of President Nicolas Maduro. This statement perfectly captures Washington's unilateral and hegemonic trajectory. The New York Times observed that Trump's assessment of his own freedom to use any instrument of military, economic or political power to cement American supremacy was the most blunt acknowledgment yet of his world-view.
In a global public opinion poll conducted by CGTN, 93.5 percent of respondents expressed belief that the U.S., by pursuing unilateralism, has placed itself in opposition to the international community. Also, 91.7 percent think that reforming the global governance system is an urgent priority.
On Wednesday the U.S. announced its withdrawal from 66 international organizations, setting a new record for its retreat from multilateral commitments. These organizations span climate, energy, and global governance, among other fields. Trump argues that their operations run counter to U.S. national interests, sovereignty, and economic prosperity.
In response, 84.1 percent of respondents were not surprised by the U.S. move. Meanwhile, 88.9 percent viewed it as another radical step under the "America First" doctrine. In addition, 93 percent believed the U.S. approach of using international systems when beneficial and abandoning them when not severely undermines the existing international order and global fairness and justice. Also, 88.3 percent noted that the U.S. withdrawals once again expose it as an irresponsible major power, dealing a significant blow to its international reputation. Furthermore, 88.5 percent believe the U.S. withdrawals reflect its negative attitude toward global governance.
The recent episode of unilateral and bullying actions by the U.S. government has sparked widespread alarm and discontent within the international community. Washington's adherence to the law of the jungle where "might is right" is severely undermining the global governance system. In the poll, 89.9 percent of respondents agreed that multilateralism, based on coordination and cooperation, remains key to addressing current global governance challenges. Meanwhile, 94.4 percent believe it is crucial to advance the reform of the global governance system, uphold international rule of law, and enhance the effectiveness of multilateral mechanisms. Moreover, 90 percent think major powers should shoulder greater responsibility and play a more constructive role in promoting global governance reform.
The poll was conducted across CGTN platforms in English, Spanish, French, Arabic, and Russian languages, attracting 24,000 responses within 24 hours.
Trump says 'I don't need international law,' highlighting urgency for reforming global governance: CGTN poll
