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Subsidies for energy-saving products
Source: Xinhua |
September 10, 2012, Monday
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Print Edition
Print Edition
CHINA will subsidize the use of energy-saving desktops and air conditioners in its latest effort to save energy and boost domestic demand, the Ministry of Finance said yesterday.
The country will earmark 14 billion yuan (US$2.2 billion) in subsidies to encourage the purchase of six types of energy-saving products - desktop computers, air conditioners, fans, water pumps, compressors and transformers.
The subsidy program will last for one year and is expected to raise the market share of the energy-saving products to more than 40 percent, the ministry said, without disclosing when the program will start.
"The move marks the government's effort to combine stabilizing economic growth and stoking domestic demand with promoting energy savings and emission reductions," an official of the ministry said.
The country will earmark 14 billion yuan (US$2.2 billion) in subsidies to encourage the purchase of six types of energy-saving products - desktop computers, air conditioners, fans, water pumps, compressors and transformers.
The subsidy program will last for one year and is expected to raise the market share of the energy-saving products to more than 40 percent, the ministry said, without disclosing when the program will start.
"The move marks the government's effort to combine stabilizing economic growth and stoking domestic demand with promoting energy savings and emission reductions," an official of the ministry said.
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