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Published Tianjin, China

China Steps up Trade-in Schemes to Spur Consumer Demand

Summary by iChongqing
Automobiles are displayed at the World Intelligence Expo 2024 in north China's Tianjin, June 20, 2024. (Photo/Sun Fanyue, Xinhua) Beijing - China is stepping up measures to encourage consumer goods trade-ins, in an effort to further unleash market demand and galvanize economic growth. On Tuesday, Shanghai unveiled a plan to promote consumer goods trade-ins, providing a 15-percent subsidy on the purchase of certain household appliances and home …

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