Arab Today, arab today china subsidy program spurs 342 bln yuan in home appliance sales
Last Updated : GMT 17:44:59
Arab Today, arab today
Arab Today, arab today

China subsidy program spurs 342 bln yuan in home appliance sales

Arab Today, arab today

Arab Today, arab today China subsidy program spurs 342 bln yuan in home appliance sales

Beijing - Xinhua

China\'s \"old-for-new\" home appliance subsidy program spurred nearly 342 billion yuan (54.3 billion U.S. dollars) in sales this year, data released Saturday by the Ministry of Commerce (MOC) showed. Near 92.5 million units of home appliances in five major categories -- TV sets, refrigerators, washing machines, air conditioners and computers -- were sold this year, data showed. To stimulate consumption, China began a subsidy plan for home appliance buyers in nine cities and provinces in June 2009, and expanded the pilot program to 28 cities and provinces in June 2010. Under the program, consumers selling their old appliances to recycling companies are eligible for a 10-percent discount on the purchase of new appliances. Total subsidies by the central government budget for this program reached nearly 30 billion yuan during the 2009-2011 period, according to the data. MOC Spokesman Shen Danyang said earlier this month the subsidy program has achieved its intended goals and is scheduled to conclude by the end of 2011.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china subsidy program spurs 342 bln yuan in home appliance sales Arab Today, arab today china subsidy program spurs 342 bln yuan in home appliance sales

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china subsidy program spurs 342 bln yuan in home appliance sales Arab Today, arab today china subsidy program spurs 342 bln yuan in home appliance sales

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday