Subsidies lift sales
June 8, 2010, Tuesday
|
Print Edition
Print Edition
MONTHLY sales of home appliances in China's countryside surged 220 percent annually in May, boosted by the government's rural subsidy program for such purchases, the Ministry of Commerce said yesterday.
The sales value soared to 12.6 billion yuan (US$1.84 billion) in May, 26 percent higher than April's, said a statement on the ministry's Website.
Sales volume topped 5.75 million units, up an annual 160 percent.
The May figure brought the total sales value in the first five months to 54.35 billion yuan, up 400 percent from a year ago, the statement said.
China started the subsidy program in February last year to spur rural consumption to buoy the nation's economic growth amid the global economic downturn.
The sales value soared to 12.6 billion yuan (US$1.84 billion) in May, 26 percent higher than April's, said a statement on the ministry's Website.
Sales volume topped 5.75 million units, up an annual 160 percent.
The May figure brought the total sales value in the first five months to 54.35 billion yuan, up 400 percent from a year ago, the statement said.
China started the subsidy program in February last year to spur rural consumption to buoy the nation's economic growth amid the global economic downturn.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
