Beijing unveils a plan with 23 measures to promote equipment upgrades and consumer goods trade-ins, offering incentives like 10% subsidies for eco-friendly products.
Beijing unveils action plan with 23 measures to boost equipment upgrades & consumer goods trade-ins, covering sectors like rail transit, heating, education, & healthcare. Beijing residents hold 50 million appliances & 7.6 million vehicles, creating demand for renewal & replacement. Incentives include 10% subsidies up to 1,000 yuan for consumers buying eco-friendly & innovative products.
April 29, 2024
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