China unveils plan to promote trade
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 articles
Elon Musk gets approval from FDA to implant his Neuralink brain chip into a second patient
Elon Musk’s Neuralink has been given a green light to implant its brain chip in a second patient aft2024-05-21US Postal Service seeks to hike stamp prices to 73 cents
Washington —The United States Postal Service (USPS) said on Tuesday it wants to raise the price of f2024-05-21Reserve Bank holds OCR at 5.5 percent
The Reserve Bank has released the latest Official Cash Rate decision. Photo: RNZ2024-05-21Pope Francis calls for ceasefire in Gaza and Ukraine in Easter message
By Thomas Mackintosh, BBC NewsPope Francis leads the Easter Mass at St Peter's Square. Photo: AFP/Va2024-05-21Four people killed in a house explosion in southwestern Missouri
GOODHOPE, Mo. (AP) — Four people in rural Missouri died when an explosion that could be heard 10 mil2024-05-21Pair arrested for alleged theft of $20,000 worth of Lego
File image. Photo: Phil Hearing / Unsplash2024-05-21
atest comment