Member LoginMember Login - User registration - Setup as front page - Add to favorites - Sitemap China unveils plan to promote trade !

China unveils plan to promote trade

Time:2024-06-03 16:41:36 source:Stellar Spotlight news portal

China has rolled out specific measures to facilitate and encourage trade-ins of consumer goods, according to an action plan jointly released by the Ministry of Commerce and 13 other government departments on Friday.

China aims to establish a trade-in mechanism that facilitates the scrapping of used goods in exchange for smart, green and low-carbon ones, according to the plan.

To promote the trade-ins of automobiles, subsidies will be given to consumers who scrap high-emission passenger cars to buy energy-efficient vehicles or new energy vehicles.

The practice of reverse invoicing for second-hand car transactions will be promoted, as well as the service model where the old cars can be collected at their doorsteps.

For used home appliances, the country will provide financial support to establish recycling systems for renewable resources. Local governments and home appliance companies are encouraged to offer subsidies or preferential policies for consumers who purchase or trade for green and smart home appliances.

Localities are encouraged to support the upgrading and renovation of old houses, develop age-friendly facilities, and promote the consumption of smart household products. 

Related information
  • Paris Olympics: What to know and who to watch during the boxing competition
  • Beauty guru, 24, stuns the internet after making a cup of TEA using a set of $3,000 acrylic nails
  • Matt Damon and wife Luciana Barroso glam it up for the 2024 Met Gala
  • Albanese rejects China's argument that Australia was at fault for dangerous aircraft encounter
  • A man's body recovered from waters off a Greek beach with barbell attached
  • Hurricanes shut down on power play again, fall into 0
  • Western Hemisphere nations pledge to continue coordinating response to historic regional migration
  • Florida Gov. Ron DeSantis banned lab
Recommended content
  • Shiloh Jolie paid for her own lawyer to drop Pitt surname
  • South China Sea: US, Australian and Philippine forces sink a ship during war drills
  • Jessica Biel goes braless beneath plunging pink feather
  • Over 10 casualties reported in SW China attack
  • Shiloh Jolie paid for her own lawyer to drop Pitt surname
  • Anya Taylor