CHINA TO OFFER ONE-OFF FIXED SUBSIDIES FOR SELECT PASSENGER VEHICLESCHINA ANNOUNCES IMPLEMENTATION OF 2025 CAR TRADE-IN EXERCISE, EFFECTIVE IMMEDIATELYPEOPLE TRADING IN AN OLD CAR FOR A NEW ENERGY VEHICLE ARE ENTITLED TO A 20,000 YUAN SUBSIDY, WHILE THOSE REPLACING IT WITH A FOSSIL FUEL CAR WILL GET 15,000 YUAN.