{"id":2450430,"date":"2025-06-22T10:33:01","date_gmt":"2025-06-22T14:33:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chinese-auto-industry-on-brink-of-collapse-gets-a-truly-brutal-gut-punch\/"},"modified":"2025-06-22T10:34:50","modified_gmt":"2025-06-22T14:34:50","slug":"chinese-auto-industry-on-brink-of-collapse-gets-a-truly-brutal-gut-punch","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chinese-auto-industry-on-brink-of-collapse-gets-a-truly-brutal-gut-punch\/","title":{"rendered":"Chinese Auto Industry, On Brink of Collapse, Gets a Truly Brutal Gut Punch"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fchinese-auto-industry-on-brink-of-collapse-gets-a-truly-brutal-gut-punch%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2450430&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The chinese auto industry is facing critically important challenges as several cities, including Zhengzhou and luoyang, have suspended trade-in subsidies for car buyers due to depleted government funding. This move is expected to slow down new car sales, which are crucial for China&#8217;s economy, already strained by declining wages, rising unemployment, and falling property values. State media have reported cases of new cars being falsely labeled as used in order to benefit from the subsidies, highlighting issues of fraud within the system.<\/p>\n<p>The economic situation is further intricate by ongoing trade tensions with the United States, where recent discussions have centered around tariffs aimed at <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tennessee-virginia-attorneys-general-file-antitrust-lawsuit-against-ncaa\/\" title=\"TN, VA AGs sue NCAA for antitrust violations\">achieving greater fairness<\/a> in trade. U.S. officials have outlined a new framework for tariffs, which would impose a 55% tariff on Chinese goods and 10% on U.S.products, positioning it as a potential cornerstone of America&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fetterman-takes-head-scratching-shot-at-china-during-hearing-theyre-taking-back-our-pandas\/\" title=\"Fetterman&#039;s puzzling remark: China reclaiming our pandas.\">broader economic strategy<\/a>. The U.S. governance aims to revitalize domestic manufacturing while pressuring China to improve its economic practices.<\/p>\n<p>the combination of subsiding government support in China and escalating trade friction with the U.S. positions both nations at a pivotal juncture, with <a href=\"https:\/\/amzn.to\/3YuVZYV\" >potential long-term implications<\/a> for their economies.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<section> \t\t\t\t<script>console.log(\"ad slot (AC1)\")<\/script><script>console.log(\"ad slot (IC1)\")<\/script><script>console.log(\"ad slot (IC2)\")<\/script><script>console.log(\"ad slot (IC3)\")<\/script><script>console.log(\"ad slot (IC4)\")<\/script><\/p>\n<p>The Chinese auto industry could be headed for calamity after at least six cities across the country suspended trade-in subsidies for car purchasers, partly due to government funding running out.<\/p>\n<p>This action could slow new car sales and hinder a vital industry for the second-largest economy in the world, <a href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/some-chinese-cities-pause-car-buying-subsidies-funds-run-out-2025-06-18\/\" target=\"_blank\" rel=\"noopener\">according<\/a> to Reuters.<\/p>\n<p>Governments in Zhengzhou and Luoyang reportedly blamed the issue on funding cuts from Beijing, while the cities of Shenyang and Chongqing said it was done to &ldquo;improve capital efficiency.&rdquo;<\/p>\n<p>State-run media in China claimed that new cars were being disguised as used ones and then sold to clear inventory. Businesses were also pretending that new automobiles were used to trade them in for the subsidies.<\/p>\n<p><a href=\"https:\/\/www.westernjournal.com\/2020-election-fraud-bombshell-patel-discovers-suppressed-fbi-docs-claiming-china-fake-mail-voting-plot-elect-biden\/\" target=\"_blank\" rel=\"noopener\">China&rsquo;s<\/a> economy relies heavily on subsidies for various major items. These include cars, electronics, and everyday appliances. This news comes at a time when the Chinese are struggling with wages, <a href=\"https:\/\/www.hinrichfoundation.com\/research\/wp\/us-china\/china-unemployment-conundrum-and-its-implications-for-global-trade\/#:~:text=Download%20Now-,China's%20unemployment%20crisis%20underscores%20the%20broader%20challenges%20facing%20the%20country's,to%20affected%20industries%20and%20workers.\" target=\"_blank\" rel=\"noopener\">employment figures<\/a>, and property values dipping.<\/p>\n<p> <script type=\"text\/javascript\"> \t\t\tif ( getCookie( \"ff_subbed\" ) ) { \t\t\t\tdocument.getElementById(\"stnvideo\").remove() \t\t\t} else { \t\t\t\tdocument.addEventListener(\"DOMContentLoaded\", function() { \t\t\t\t\tfunction loadScript(src) { \t\t\t\t\t\tconst script=document.createElement(\"script\"); \t\t\t\t\t\tscript.src=src; \t\t\t\t\t\tscript.async=true; \t\t\t\t\t\tdocument.body.appendChild(script); \t\t\t\t\t} \t\t\t\t\tfunction findPreviousParagraph(selector, x) { \t\t\t\t\t\tconst targetElement=document.querySelector(selector); \t\t\t\t\t\tif (!targetElement) { \t\t\t\t\t\t\tconsole.warn(\"Target element not found.\"); \t\t\t\t\t\t\treturn null; \t\t\t\t\t\t}  \t\t\t\t\t\t\/\/ Get all <\/p>\n<p> elements in order as they appear in the document \t\t\t\t\t\tlet paragraphs=Array.from(document.querySelectorAll(\"p\"));  \t\t\t\t\t\t\/\/ Find the index of the last <\/p>\n<p> before the target element \t\t\t\t\t\tlet targetIndex=paragraphs.findIndex(p=> p.compareDocumentPosition(targetElement) & Node.DOCUMENT_POSITION_PRECEDING);  \t\t\t\t\t\tif (targetIndex===-1 || targetIndex <x) { \t\t\t\t\t\t\tconsole.warn(\"Not enough paragraphs before the target element.\"); \t\t\t\t\t\t\treturn null; \t\t\t\t\t\t}  \t\t\t\t\t\treturn paragraphs[targetIndex - x]; \t\t\t\t\t}  \t\t\t\t\t\/\/ Set up IntersectionObserver \t\t\t\t\tfunction observeElement(element) { \t\t\t\t\t\tif (!element) return;  \t\t\t\t\t\tconst observer=new IntersectionObserver( \t\t\t\t\t\t\t(entries)=> { \t\t\t\t\t\t\t\tentries.forEach(entry=> { \t\t\t\t\t\t\t\t\tif (entry.isIntersecting) { \t\t\t\t\t\t\t\t\t\tconsole.log(\"Paragraph is now visible:\", entry.target.textContent.trim()); \t\t\t\t\t\t\t\t\t\tloadScript(\"https:\/\/embed.sendtonews.com\/player3\/embedcode.js?fk=s28Az7AY\"); \t\t\t\t\t\t\t\t\t\tobserver.disconnect(); \t\t\t\t\t\t\t\t\t} \t\t\t\t\t\t\t\t}); \t\t\t\t\t\t\t}, \t\t\t\t\t\t\t{ threshold: 0.5 } \/\/ Adjust threshold as needed \t\t\t\t\t\t);  \t\t\t\t\t\tobserver.observe(element); \t\t\t\t\t}  \t\t\t\t\t\/\/ Find the 1st paragraph before #stnvideo and observe it \t\t\t\t\tlet paragraphToObserve=findPreviousParagraph(\"#stnvideo\", 2); \t\t\t\t\tobserveElement(paragraphToObserve); \t\t\t\t}); \t\t\t} \t\t<\/script> <\/p>\n<p>Their economic woes will likely be exacerbated by recent trade talks with the United States, after President Donald Trump took a firm stance on <a href=\"https:\/\/www.westernjournal.com\/trump-confirms-deal-china-done-reveals-key-details\/\" target=\"_blank\" rel=\"noopener\">issuing tariffs<\/a> to restore global fairness.<\/p>\n<p>A trade deal was agreed upon in principle earlier this month, <a href=\"https:\/\/www.wsj.com\/economy\/trade\/u-s-and-china-agree-to-get-geneva-pact-back-on-track-695eb5f5?st=QPyE4j&amp;reflink=desktopweb_permalink\" target=\"_blank\" rel=\"noopener\">according to<\/a> the Wall Street Journal, that would result in a 55 percent tariff on Chinese goods and a 10 percent tariff for the U.S.<\/p>\n<p>&ldquo;We&rsquo;re going to start to implement that framework upon the approval of President Trump, and the Chinese will get their President Xi&rsquo;s approval, and that&rsquo;s the process,&rdquo; Commerce Secretary <a href=\"https:\/\/www.westernjournal.com\/trump-confirms-deal-china-done-reveals-key-details\/\" target=\"_blank\" rel=\"noopener\">Howard Lutnick&nbsp;said<\/a>.<\/p>\n<p>&ldquo;I feel really good about where we got to,&rdquo; he continued, also suggesting that China will increase exports of rare earth minerals and magnets to be used in complex technologies.<\/p>\n<p>Now is the time for the U.S. to turn up the heat and restore as much domestic manufacturing as possible. China is wobbling. They&rsquo;re far from out, but they&rsquo;re trending downward.<\/p>\n<p>After bending to Trump&rsquo;s demands, this new trade framework could be the cornerstone of the president&rsquo;s promise to usher in a new golden age for America.<\/p>\n<p>No more importing cars, cellphones, and other items from a country that&rsquo;s committed a litany of sins against us.<\/p>\n<p>They constantly seek to steal our intellectual property, attempt to buy our <a href=\"https:\/\/www.westernjournal.com\/democrat-governor-just-halt-effort-keep-china-buying-land-state\/\" target=\"_blank\" rel=\"noopener\">farmland<\/a>, spy on our political apparatus, team up with countries like Iran to sell them <a href=\"https:\/\/www.westernjournal.com\/iran-china-team-concerning-missile-move-amid-nuclear-negotiations-us-report\/\" target=\"_blank\" rel=\"noopener\">missile components<\/a>, and use <a href=\"https:\/\/www.dol.gov\/agencies\/ilab\/against-their-will-the-situation-in-xinjiang\" target=\"_blank\" rel=\"noopener\">slave labor<\/a> without regard for human dignity.<\/p>\n<p>The United States should continue to lean on China at all costs, and to remind large companies seeking to save a buck overseas of a major reality: You will pay an even bigger price for not opening your companies to U.S. markets and American workers.<\/p>\n<p>In the short term, prices may rise, and everyday norms could change.<\/p>\n<p>Yet in the long run, we will have taken a major step forward in this quasi-cold war that&rsquo;s been brewing between China and the United States for the past two decades.<\/p>\n<p>It should not only boost our economy, but by hobbling China, it could force their leaders to begin changing their own economic practices for the better.<\/p>\n<p>The United States must remain vigilant, no matter what, and rein in our top adversary before they achieve a long-term economic upswing.<\/p>\n<p>Otherwise, they could rise back up stronger than ever and sabotage any work the Trump administration may leave behind, sending America back to square one.<\/p>\n<div style=\"position: relative;\">\n<div class=\"ff-fancy-header-container\"> \t\t\t \t<\/div>\n<div class=\"entry-submit-correction inner-content\">\n<div class=\"correction-form\">\n<form style=\"display: none;\">\n<div class=\"sc-name-field\"> \t\t\t\t\t\t<label>* Name<\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"name\" required> \t\t\t\t\t<\/div>\n<div class=\"sc--field\"> \t\t\t\t\t\t<label>* <\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"\" required> \t\t\t\t\t<\/div>\n<p> \t\t\t\t\t<label>* Message<\/label> \t\t\t\t\t<br \/> \t\t\t\t\t<textarea name=\"message\" required><\/textarea> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"required-message\" style=\"display: none; padding-bottom: 15px;\">* All fields are required.<\/div>\n<p> \t\t\t\t\t<input type=\"submit\" value=\"Submit\" onclick=\"event.preventDefault(); firefly_sc();\"> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"firefly-sc-confirm\" style=\"display: none;\">Success!<\/div>\n<\/p><\/form>\n<\/p><\/div>\n<\/p><\/div>\n<p> \t\t<script> \t\t\tfunction firefly_sc() { \t\t\t\tif( typeof window.captchaPublicKey==typeof undefined ){ \t\t\t\t\tconsole.error('window.captchaPublicKey is not defined'); \t\t\t\t} \t\t\t\tgrecaptcha.execute( window.captchaPublicKey, { action: 'submit_correction' } ).then( function( token ) { \t\t\t\t\tvar opts={ \t\t\t\t\t\taction:    'firefly_sc_submit', \t\t\t\t\t\tname:      document.querySelector( '.entry-submit-correction [name=\"name\"]' ).value, \t\t\t\t\t\t:     document.querySelector( '.entry-submit-correction [name=\"\"]' ).value, \t\t\t\t\t\tmessage:   document.querySelector( '.entry-submit-correction [name=\"message\"]' ).value, \t\t\t\t\t\tpost_id:   firefly_post_id, \t\t\t\t\t\tcap_token: token \t\t\t\t\t}  \t\t\t\t\tvar inputs=[ 'name', '', 'message' ];  \t\t\t\t\tfor( var i=0; i <inputs.length; i++ ) if( ! ( opts[inputs[i]]=document.querySelector( '.entry-submit-correction [name=\"' + inputs[i] + '\"]' ).value ) ) { \t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .required-message' ).style.display='block'; \t\t\t\t\t\treturn; \t\t\t\t\t}  \t\t\t\t\tdocument.querySelector( '.entry-submit-correction input[type=\"submit\"]' ).style.display='none'; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).src=firefly_loading_gif_url; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='inline-block';  \t\t\t\t\tconsole.log( 'ma subbing' );  \t\t\t\t\tif( firefly_post_id ) opts['post_id']=firefly_post_id;  \t\t\t\t\t\/* Send the data using post with element id name and name2*\/ \t\t\t\t\tvar posting=jQuery.post( firefly_ajax_url, opts );  \t\t\t\t\t\/* Alerts the results *\/ \t\t\t\t\tposting.done( function( response ) { \t\t\t\t\t\tif( response.success ) { \t\t\t\t\t\t\tconsole.log( response.data ); \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='none'; \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-confirm' ).style.display='block';  \t\t\t\t\t\t\tdataLayer.push( { 'event': 'submit-correction' } ); \t\t\t\t\t\t} \t\t\t\t\t}); \t\t\t\t}); \t\t\t} \t\t<\/script> \t     \t\t\t\t\t\t     \t\t\t\t\t<\/div>\n<p style=\"border: 1px solid #f5f5f5; padding: 16px;\">Advertise with The Western Journal and reach millions of highly engaged readers, while supporting our work. <a href=\"https:\/\/www.westernjournal.com\/advertise-us\/?wj_source=article\">Advertise Today<\/a>.<\/p>\n<p><script>console.log(\"ad slot (BA1)\")<\/script> \t\t<\/p>\n<div class=\"ff-fancy-header-container\"> \t\t\t \t<\/div>\n<\/section>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Chinese automotive sector may face significant challenges as at least six cities have halted trade-in subsidies for car buyers, primarily due to a depletion of government funds. This move could impede new car sales and negatively impact a crucial industry in the world&#8217;s second-largest economy, as reported by Reuters. Authorities in Zhengzhou and Luoyang attributed the suspension to budget cuts from Beijing, while Shenyang and Chongqing cited a need to &#8220;enhance capital efficiency.&#8221; State media indicated that new vehicles were being misrepresented as used ones to clear stock, with businesses also falsely claiming new cars were pre-owned to qualify for subsidies. China&#8217;s economy heavily depends on subsidies for key products like cars, electronics, and household appliances. This development comes amid broader economic struggles in China, including declining wages, employment rates, and property values<\/p>\n","protected":false},"author":1,"featured_media":2450431,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2025\/06\/Chinese-auto-industry.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[57678,36980,45635,57679],"class_list":["post-2450430","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-chinese-auto-industry","tag-economic-crisis","tag-industry-analysis","tag-market-challenges"],"fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2025\/06\/Chinese-auto-industry.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2450430","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2450430"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2450430\/revisions"}],"predecessor-version":[{"id":2450434,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2450430\/revisions\/2450434"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2450431"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2450430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2450430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2450430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}