Govt Subsidies in China Boost Digital Product Sales to USD 20 Billion in Four Months

Govt Subsidies in China Boost Digital Product Sales to USD 20 Billion in Four Months

Get latest articles and stories on World at LatestLY. Chinese government's subsidies to boost domestic consumption in the country to offset declining exports resulted in heavy sales of digital products like smartphones, tablets, smartwatches totalling to about USD 20 billion in the past few months, the commerce ministry here has said. World News | Govt Subsidies in China Boost Digital Product Sales to USD 20 Billion in Four Months.

Govt subsidies in China boost digital product sales to USD 20 billion in four months

Beijing, May 24 (PTI) Chinese government’s subsidies to boost domestic consumption in the country to offset declining exports resulted in heavy sales of digital products like smartphones, tablets, smartwatches totalling to about USD 20 billion in the past few months, the commerce ministry here has said. As of Thursday, over 48 million consumers had participated in the digital products subsidy scheme, buying a total of 51.48 million products and …

China's digital product sales rise on subsidy support

Sales of digital products in China have expanded over the past few months, spurred by a government-backed subsidy program, the Ministry of Commerce said Friday. As of Thursday, over 48 million consumers had participated in the digital products subsidy scheme, buying a total of 51.48 million products and generating about 143.3 billion yuan (about 19.9 billion U.S. dollars) in sales, data from the ministry showed. From January to April, total reta…