8 home appliance makers cheated on grants
By Jane Feng |
June 25, 2013, Tuesday
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Print Edition
Print Edition
EIGHT Chinese home appliance makers, including Gree Electric Appliances, have cheated nearly 100 million yuan (US$16 million) in subsidies for energy-saving products last year by reporting falsely the number of installed appliances, the top auditor said.
Gree misused 21.6 million yuan the government gave to promote use of energy-saving air conditioners while the Galanz Group misused 18 million yuan.
On June 1, China stopped a one-year subsidy policy for buying energy saving appliances, which aimed at boosting domestic consumption.
Gree misused 21.6 million yuan the government gave to promote use of energy-saving air conditioners while the Galanz Group misused 18 million yuan.
On June 1, China stopped a one-year subsidy policy for buying energy saving appliances, which aimed at boosting domestic consumption.
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