● According to the Chinese government website, the State Council released on the 24th its opinion on further improving employment stabilization. Opinions suggest that we must tap domestic demand to drive employment, encourage the renewal of consumption of automobiles, home appliances, and consumer electronics, effectively and orderly promote the retirement and renewal of old automobiles, and encourage cities that restrict purchases to optimize management measures for purchase restrictions on motor vehicles.
● According to industry insiders, the State Council has issued another document, which signals that it is beneficial to the development of the scrapped motor vehicle recycling industry. On January 28, 2019, the NDRC and other ten departments issued the "Implementation Plan for Further Optimizing Supply to Promote Steady Growth in Consumption and Promote the Formation of a Strong Domestic Market (2019)", which included the orderly promotion of old car scrap updates and continued optimization of new energy vehicles. Six specific measures including subsidy structure. The "Administrative Measures for the Recycling of End-of-Life Motor Vehicles" (Decree No. 715) promulgated by the State Council on April 22, 2019, came into effect on June 1, 2019, clearly regulating the recycling activities of end-of-life vehicles, further protecting the environment, and promoting the development of a circular economy. Ensure road traffic safety.