China saw retail sales of home appliances and audio equipment increase 10.61% year on year to RMB 201.3 billion in the first eight months, thanks to a series of stimulus policies launched by the central government this year, sources reported.Retail sales grew 4.62% in the first two months of this year,...
Sales of home appliances under the Chinese government's rural purchase subsidy program were RMB 6.18 billion in September, down from RMB 7.59 billion in August, according to the figures released by the Ministry of Commerce.Around 3.16 million appliances, including refrigerators, color TVs and mobile...
Ningbo Xiaojinwa Electrical Co., Ltd.
Farmers in Sichuan Province learn about the subsidies for home appliances. Photo: CFP By Tu Lei The national rural home appliance push meant to boost country lifestyles and the overall economy as part of China's national stimulus package has slowed after a fast start. The four-year project began...
Farmers in Sichuan Province learn about the subsidies for home appliances. Photo: CFP By Tu Lei The national rural home appliance push meant to boost country lifestyles and the overall economy as part of China's national stimulus package has slowed after a fast start. The four-year project began...
The auto and home appliance replacement program which helps boost domestic demand is an important macro-regulatory measure, Zeng Xiaoan, Deputy Director-General of Department of Economic Construction, Ministry of Finance (MOF), said yesterday during an online interview hosted by gov.cn. "It is fo...
Lenovo Group Ltd<0992>, the world's fourth-largest PC manufacturer, sold 48,374 PCs in the first six months of this year under China's home appliance subsidy program for rural residents, according to statistics released by the Ministry of Commerce.During the period, ShenZhen Haier Information...
The sales of home appliances under the Chinese government's rural purchase subsidy program had reached RMB 28 billion as of Jul. 26, said Vice Minister of Commerce Jiang Zengwei on Thursday.A total of 164,000 retail stores in all counties across the country have participated in the scheme and have sold...
BEIJING, May 19 - China will expand an existing subsidy scheme to encourage the purchase of new vehicles and home appliances to boost domestic spending, the Chinese government said on Tuesday. China will allocate 5...
BEIJING, May 19 - China will expand an existing subsidy scheme to encourage the purchase of new vehicles and home appliances to boost domestic spending, the Chinese government said on Tuesday. China will allocate 5...