Shanghai Launches Pilot Reforms to Boost Auto Circulation and Extend Consumption Chain

The Shanghai Municipal People's Government has issued the "Shanghai's 15th Five-Year Plan for Accelerating the Construction of an International Trade Center," proposing to launch pilot reforms in automobile distribution and consumption and extend the automotive consumption chain. Specific measures include expanding new vehicle consumption, facilitating second-hand vehicle trading, and fostering new consumption scenarios such as classic car restoration and motorsport events.