【teen patti gold play onfacebook】China steps up trade
Automobiles are displayed at the World Intelligence Expo 2024 in north China's Tianjin,teen patti gold play onfacebook 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 The initiative, covering automobiles, home appliances and decors, aims to encourage the replacement of outdated goods with newer and more advanced options.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
-
- Nationwide reading atmosphere flourishes with arrival of World Book Day
- Interview: China to accelerate building a fiscal system compatible with Chinese modernization
- Clean energy industry promotes green development in N China’s Hebei
- 荷兰专家:荷中农业领域合作前景广阔
- 河南信阳四高一宿舍住48人?官方:尚未开学,责成停止使用该宿舍
- Ecological breeding boosts rural revitalization in E China’s Jiangxi
- Ancient brocade inspires modern dance drama: Five Stars Rising from the East bridges eras
- 东京股市两大股指均大跌逾12%
- In pics: Chinese exhibitors at IFA Berlin 2024
- 乌市一中学球员被教练连扇耳光,校方:解职,三年内不得担任教练
- 随机阅读
-
- 中非合作论坛北京峰会开幕
- “洋弟子”学茶艺、说方言圈粉百万:中国生活“麻辣鲜香”
- Lotus flowers bloom in ponds across China
- 在巴黎,34名“外教”与中国弟子共逐奥运梦
- Scenery of Gahai Lake wetland in NW China's Gansu
- 湖南衡阳南岳山体滑坡事故现场救援结束 15人遇难6人受伤
- 印度喀拉拉邦山体滑坡已致373人死亡
- 多所高校公费师范生录取分再飙高
- Chinese premier holds talks with Spanish prime minister
- “赛场最耀眼的明星”“传统优势项目金牌很稳”“打破美国垄断”……外媒热议巴黎奥运中国队闪耀赛绩
- Our Home: Experience serene beauty of Xizang's iconic landmark Potala Palace
- View of Basomtso scenic area in Nyingchi, SW China
- 南极野生动物中发现禽流感
- 时隔25年,他在同一地点救了同一个人!
- 从“种出食物”到“种出生活”
- 苏林当选新任越共中央总书记
- In pics: scenery of Dead Sea
- “全球南方”不是竞赢战场,是合作舞台
- Special exhibition of ancient ceramic art ongoing at Tsinghua University Art Museum
- Ganlan building: distinctive housing facility for local Zhuang ethnic minority group in S China
- 搜索
-
- 友情链接
-
- China awards model teachers, education institutions as Teachers' Day nears
- 唯有热爱可抵岁月漫长
- 河南信阳四高一宿舍住48人?官方:尚未开学,责成停止使用该宿舍
- Scenic view of Changning City in C China’s Hunan
- 男子在龙门石窟附近钓鱼捡到佛头,“已报警上交”
- 870元!“摩羯”之下,多个城市充电宝竟“跟风”涨价
- A股海南自贸区、保险板块周四走强
- 金正恩观摩朝鲜240毫米火箭炮武器系统验收试射
- Harris, Trump face off for 1st time in 2024 U.S. presidential debate
- 男子在龙门石窟附近钓鱼捡到佛头,“已报警上交”