China’s Local Finances Collapse, Trade-in Subsidies Cut, Civil Servant Salary Cuts Widespread
China’s Local Finances Collapse, Trade-in Subsidies Cut, Civil Servant Salary Cuts Widespread
Udumbara
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Right before the 2025 618 shopping festival, the "old for new" national subsidies have collapsed early. Subsidy funds have run out in many places and the program has been removed.
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