China plans to allocate nearly $9 billion in subsidies for its consumer goods trade-in program next year in an effort to boost domestic spending. The program will include rebates on major household appliances and smart devices.
China to Allocate $8.9 Billion for Trade-In Program to Boost Domestic Consumption
China plans to allocate nearly $9 billion in subsidies for its consumer goods trade-in program next year in an effort to boost domestic spending.