Jan
8
China to expand consumer goods trade-in program to spur growth
(Xinhua) China announced Wednesday a raft of measures to expand the scope of the consumer goods trade-in program amid a drive to boost domestic demand and spur economic growth.
China will expand the number of home appliance categories eligible for government subsidies from eight in 2024 to 12 in 2025, Zhao Chenxin, deputy head of the National Development and Reform Commission (NDRC), told a press conference.
Microwaves, water purifiers, dishwashers and rice cookers will be added to the trade-in list for home appliances, according to a guideline unveiled by the NDRC and the Ministry of Finance Wednesday.
In response to actual needs, the number of air conditioners eligible for subsidies per consumer will be increased from one to three, Zhao said.
China will expand the number of home appliance categories eligible for government subsidies from eight in 2024 to 12 in 2025, Zhao Chenxin, deputy head of the National Development and Reform Commission (NDRC), told a press conference.
Microwaves, water purifiers, dishwashers and rice cookers will be added to the trade-in list for home appliances, according to a guideline unveiled by the NDRC and the Ministry of Finance Wednesday.
In response to actual needs, the number of air conditioners eligible for subsidies per consumer will be increased from one to three, Zhao said.