Grants to buy cars and appliances
Source: Xinhua |
October 11, 2012, Thursday
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Print Edition
Print Edition
AUTHORITIES are expected to introduce another round of subsidies to boost car and home appliance sales in rural areas, according to media reports yesterday.
They are considering expanding coverage for fiscal subsidies to autos sold in rural areas, the China Securities Journal quoted industrial insiders as saying. Cars with a displacement under 1.3 liters and heavy-duty trucks will be included in the preferential package, which offered one-off subsidies for purchases of mini-buses with an emission of less than 1.3 liters and small trucks.
Home appliances, especially small and medium-sized ones, will likely get subsidy support around the end of the year, said sources close to the Ministry of Commerce.
They are considering expanding coverage for fiscal subsidies to autos sold in rural areas, the China Securities Journal quoted industrial insiders as saying. Cars with a displacement under 1.3 liters and heavy-duty trucks will be included in the preferential package, which offered one-off subsidies for purchases of mini-buses with an emission of less than 1.3 liters and small trucks.
Home appliances, especially small and medium-sized ones, will likely get subsidy support around the end of the year, said sources close to the Ministry of Commerce.
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