Subsidies for purchases of appliances
Source: Agencies |
August 11, 2012, Saturday
|
Print Edition
Print Edition
CHINESE companies will subsidize purchases of kitchen appliances in a trial aimed at boosting domestic consumption, an industry body has said, the latest step to lift the economy which is mired in its worst slowdown in three years.
Shoppers buying home appliances, including microwave ovens, electric cookers, electric fans and extraction fans, will be subsidized by as much as 10 percent of the sales price, the China Household Electrical Appliances Association said.
"The scheme is aimed at benefiting consumers and stimulating market demand," the association said on its website on Thursday.
The subsidies will come from funds set up by producers and retailers of kitchen appliances, and will be reviewed in 40 days, the statement said. Gome Electrical Appliances and Dazhong Electronics are among companies involved in the scheme.
The industry body did not say how much the pilot scheme would cost or where it would be implemented.
Shoppers buying home appliances, including microwave ovens, electric cookers, electric fans and extraction fans, will be subsidized by as much as 10 percent of the sales price, the China Household Electrical Appliances Association said.
"The scheme is aimed at benefiting consumers and stimulating market demand," the association said on its website on Thursday.
The subsidies will come from funds set up by producers and retailers of kitchen appliances, and will be reviewed in 40 days, the statement said. Gome Electrical Appliances and Dazhong Electronics are among companies involved in the scheme.
The industry body did not say how much the pilot scheme would cost or where it would be implemented.
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