Rural sales boost
Source: Xinhua |
December 7, 2010, Tuesday
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Print Edition
Print Edition
CHINA'S stimulus program for home appliance purchases in rural areas continued to boost sales in the first 11 months of this year, the Ministry of Commerce said yesterday.
The subsidy program, aimed at spurring domestic consumption, fueled rural purchases of home appliances, which hit 67.3 million units in January to November, an annual surge of 140 percent, said the ministry in a statement on its website.
Sales of subsidized home appliances in rural areas soared 180 percent to 150.41 billion yuan (US$22.62 billion), according to the statement.
The subsidy program, aimed at spurring domestic consumption, fueled rural purchases of home appliances, which hit 67.3 million units in January to November, an annual surge of 140 percent, said the ministry in a statement on its website.
Sales of subsidized home appliances in rural areas soared 180 percent to 150.41 billion yuan (US$22.62 billion), according to the statement.
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