【live music bangalore】China steps up trade
Automobiles are displayed at the World Intelligence Expo 2024 in north China's Tianjin,live music bangalore June 20, 2024. (Xinhua/Sun Fanyue) BEIJING, Sept. 4 (Xinhua) -- 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 decors. Under the policy, local residents will be able to enjoy subsidies of no more than 2,000 yuan (about 281.1 U.S. dollars) while purchasing sofas, mattresses, and air purifiers, among others. Shanghai's policy epitomizes the ongoing drive to promote trade-in schemes across China. The initiative, covering automobiles, home appliances and decors, aims to encourage the replacement of outdated goods with newer and more advanced options. In Chongqing Municipality in southwest China, local authorities have updated trade-in policies for green and smart household appliances last week. On the first day when the new policy was implemented, a total of 8.17 million yuan worth of subsidies were dished out. A local resident surnamed Zhou was one of the beneficiaries. He received a subsidy of nearly 500 yuan while purchasing a 2,499-yuan Haier air conditioner. It was a very attractive deal with government subsidies, Zhou said, adding that the application process was fast and convenient. To boost car trade-ins, central China's Hubei Province has increased subsidies for automobiles, granting up to 16,000 yuan for the trade-ins of new energy vehicles (NEVs). In the economic powerhouse of Guangdong, policymakers have set the target of passenger car replacements and renewals at 143,000 units for the whole province, excluding Shenzhen City. These local policy measures came after China's State Council released an action plan in March to initiate large-scale equipment upgrades and trade-ins of consumer goods. China has underscored the importance of consumption in economic growth in multiple meetings. During a tone-setting meeting on economic work in December, the country listed the lack of effective demand as one of the difficulties and challenges faced by its economic recovery and urged efforts to expand domestic demand. Over the past few months, the action plan has been translated into concrete policy measures by relevant government departments and local governments, injecting fresh impetus into the consumer market and generating positive initial effects on the economy. Data showed that the sales of NEVs have already been on a steady rise. According to invoice data from the State Taxation Administration, the number of NEVs sold surged 34.8 percent year on year from April to July, up 7.3 percentage points compared with March. In particular, NEVs registered a growth of 38.5 percent year on year in sales volume in July, becoming a crucial force in stabilizing automotive consumption. "Domestically-manufactured NEVs boast advantages in prices and cost less to use. With trade-in and favorable tax policies, many car buyers are opting to replace their old petrol vehicles with NEVs," said Wan Meibo, an employee with a Hunan-based automobile sales company. Boosted by policy stimulus, revenues from retail sales of household appliances and audio-visual equipment also logged year-on-year increases during the April-July period, as indicated by value-added tax invoice data. The warming household appliance and furniture market has spurred sales of related manufacturing sectors. Intelligent consumer products, such as wearables and smart auto equipment, posted an increase in sales revenues during the April-July period. Against the backdrop of tepid global growth and insufficient domestic demand, the trade-in policies have benefited the public and stimulated consumption, experts said. China's retail sales of consumer goods rose 3.5 percent year on year in the first seven months of this year, with July posting a faster growth rate than that of June, official data showed. With intensified efforts to boost consumer goods trade-ins and the launch of various pro-consumption activities, China's consumer market will see an upward and positive trend in the future, according to the Ministry of Commerce.
- 最近发表
-
- Infographic: Highlights of white paper China’s Energy Transition
- 【文化中国行】如何将世界文化遗产传递给未来
- 中国游泳队巴黎奥运参赛项目名单公布
- 间谍用校园贷逼迫大学生窃取国家秘密!细节披露
- Infographic: Achievements China has made in advancing Africa’s modernization
- 外交部:对美国军工企业及高级管理人员采取反制措施
- 探索2024年文字单机游戏的魅力
- 视频|2021年李彦宏曾体验坐无人驾驶汽车上班:期待早日能够普及
- In pics: scenery of Dead Sea
- 国防部:敦促菲方立即撤走非法滞留仙宾礁船只
- 随机阅读
-
- Fragrance of lotus flowers attract viewers across China
- 网传iPhone 16出货目标上调10%:至少9000万台
- 苹果成功申请“iPhone一键对讲”专利:无需联网,信号0遮挡!
- 视频|2021年李彦宏曾体验坐无人驾驶汽车上班:期待早日能够普及
- 漂洋过海的甜蜜!非洲水果走上中国消费者餐桌
- 微软呼吁5亿用户安装这个补丁!Outlook被指存在高风险安全漏洞
- 吉利沈源:谁能拍着胸脯说电池是100%安全的?宁德时代的吴凯也不敢
- 2024年免费文字冒险游戏:专业评测与推荐
- In pics: venues for 2024 CIFTIS in Beijing
- 探索未知世界:2024年免费文字冒险游戏
- 北京市体育局紧急通知:视情延迟或暂停涉山涉水赛事
- 国防部:“台独”分子藏哪儿都无所遁形
- Fragrance of lotus flowers attract viewers across China
- 2024年最受欢迎的文字角色扮演游戏推荐
- 海南实施工程建设项目审批制度改革提高项目审批效能
- 苹果成功申请“iPhone一键对讲”专利:无需联网,信号0遮挡!
- Fragrance of lotus flowers attract viewers across China
- 唯卓仕镜头产品售后服务升级 质保日期延长至2年
- 探索2024年文字单机游戏:体验深度剧情
- 同济大学熊璐:必须建立一个整体协同、连续动态的自动驾驶测试评价系统
- 搜索
-
- 友情链接
-
- Win10 22H2更新发布!修复任务栏搜索功能改进
- Passing down cultural heritage through fingertip artistry
- 颜值太高!勇者斗恶龙3主角形象公布
- Israel's Netanyahu departs to address U.S. Congress, meet Biden
- Over 1,400 relocated as downpours hit northeast China province
- Rehearsal of Singapore's National Day Parade held in Marina Bay
- 日本富士山下泉水池中硬币累积1米多 管理者称乱投硬币或罚款百万日元
- 3600秒,拉住“情绪漩涡”里的青少年
- Air routes boost foreign trade of China's mountainous province
- 三星新款Galaxy Buds 3耳机发布:售价1099元起,支持自适应降噪