A national trade-in programme that currently applies to home appliances and cars will broaden this year to include personal devices like phones, tablets and smartwatches, officials from the nation’s top economic planning agency said in a briefing on Jan 3. — Reuters
China will expand consumption subsidies to cover smartphones and other electronics, in a step to promote domestic spending as external headwinds pick up.
A national trade-in programme that currently applies to home appliances and cars will broaden this year to include personal devices like phones, tablets and smartwatches, officials from the nation’s top economic planning agency said in a briefing on Jan 3.
