China expands consumer trade-in scheme to revive economic growth
China added more home appliances to the list of products that can be used in its consumer trade-in scheme and will offer subsidies for additional digital goods this year, in an effort to revive demand in the sluggish household sector.
China counts on microwaves, rice cookers to revive economic growth
China has added more home appliances to the list of products that can be used in its consumer trade-in scheme and will offer subsidies for additional digital goods this year, in an effort to revive demand in the sluggish household sector.
China widens consumer trade-in program to rev up spending
HONG KONG -- China on Wednesday said it will expand subsidies to spur sluggish consumer spending, as Beijing seeks to cushion possible blows from higher U.S. tariffs this year.
China expands scope of consumer trade-ins for home appliances
China will expand the scope of home appliance trade-ins this year to 12 categories from the eight included last year, the vice head of the country's state planner said on Wednesday. Consumers will get subsidies equivalent to 20% of the sales price per one new home appliance this year,
China Expands Consumer Subsidies to Boost Spending as Tariff Risk Looms
The move comes as Beijing intensifies efforts to convince cautious households to spend as rising external uncertainties threaten exports’ ability to prop up economic growth.
China plans to increase funding support for consumer goods trade-in, industrial equipment upgrading in 2025
China on Wednesday issued a notice to expand the implementation of a large-scale industrial equipment upgrading and durable consumer goods trade-in program in 2025, a move that observers estimate will drive retail sale of more than 1 trillion yuan ($137 billion) and effectively boost domestic consumption,
China Renews Car Trade-In Subsidy to Boost Hybrid, EV Sales
China has renewed a trade-in subsidy of up to 20,000 yuan ($2,730) to help underpin sales of fuel-efficient vehicles, ...
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Factbox-China's economic stimulus measures since September
China has expanded the scope of a consumer goods trade-in scheme and will give more subsidies for digital purchases this year ...