CHINA is promising to give farmers subsidies for purchasing household electric appliances in a bid to stimulate the sluggish rural consumption and reduce the rising trade surplus.
A pilot programme will initially be launched in the three major agricultural provinces of Shandong, Henan and Sichuan, where farmers who buy colour TV sets, refrigerators and mobile phones can get subsidies worth 13% of the prices, the Ministry of Finance said on Saturday.
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