Advanced Search

The story appears on

Page A15

March 9, 2011

GET this page in PDF

Free for subscribers

View shopping cart

Related News

Home 禄 Business 禄 Consumer

Policy lifts sales

By Feng Jianmin | March 9, 2011, Wednesday | Print Edition
CHINA'S old-for-new home appliance subsidy program has stimulated 152.12 billion yuan (US$23.17 billion) in sales, with televisions and air-conditioners the most popular of the five designated products, the Ministry of Commerce said yesterday.

The data was released one day after Vice Commerce Minister Wei Jianguo said the trade-in policy will be extended to 2012.

Wei's comment eased concerns the government will stop the policy after a similar trade-in policy for autos was canceled in December.

China launched a subsidy plan for home appliances in June 2009 and extended coverage to 28 cities and provinces in June.

Registered residents can get a subsidy of as much as 400 yuan when buying new products if they trade in their old ones at the time of purchase.

Consumer
锘

 

Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

娌叕缃戝畨澶 31010602000204鍙

Email this to your friend


锘