【loky pitchar teen patti app】China steps up trade
Automobiles are displayed at the World Intelligence Expo 2024 in north China's Tianjin,loky pitchar teen patti app 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 The initiative, covering automobiles, home appliances and decors, aims to encourage the replacement of outdated goods with newer and more advanced options.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
- 随机阅读
-
- Fish migrate to spawning grounds at Port Hope, Canada
- 吉翔发文祝福特谢拉:很荣幸与你相伴5年 祝好运
- 申花半个月总行程约9千公里 德比战前需先过4连客关
- 保级PK广州城抢占有利身位 少减员就代表胜利了一半
- 金正恩观摩朝鲜240毫米火箭炮武器系统验收试射
- 滑雪大跳台世界杯首钢开赛 苏翊鸣重回雪飞天
- 上海申花主场对阵山东泰山 各有一本难念的经!
- 天津津门虎官宣:外援什科里奇、菲奥里奇加盟
- 漂洋过海的甜蜜!非洲水果走上中国消费者餐桌
- 李璇:苏宁当初并不想拿冠军 球员讨薪很难成功
- 上海申花绝杀副班长的背后 是一个个待解的问号!
- 足彩伤停:乌拉圭3员大将伤停 奥德主力中场停赛
- Picturesque autumn scenery of Chengde Mountain Resort
- 半个中超都在担忧 将是中超历史上最惨烈的保级大战
- 2023上海超级杯选手阵容发布 9月11日10点开售
- 土媒:特谢拉接受土超豪门加拉塔萨雷邀请
- Chinese company builds new energy storage power station to better harness solar power
- 申花赛季初的那个他回来了?巴西前锋终于打破进球荒
- 谢维军:希望下一次国足名单 还有我的名字
- 肇俊哲别有一番滋味在心头 希望儿子也能踢世界杯
- 搜索
-
- 友情链接
-
- Pakistani official calls for education cooperation for poverty reduction
- Youngsters from HK, Macao participate in study tour in central China's Wuhan
- “Night economy” stimulates new vitality in culture and tourism
- Ukrainian president, Hungarian PM meet on cooperation, security issues
- Egyptian official looks into China's successful poverty alleviation model
- In pics: 2024 China Internet Conference in Beijing
- McDonald's invests in food supply chain in central China
- “Night economy” stimulates new vitality in culture and tourism
- Symphony concert held in Beijing to celebrate 103rd founding anniversary of CPC
- UK Labour Party set to win massive parliamentary majority: exit poll