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China released new incentives for household appliances
On January 29th, a document “Optimizing supply to promoting steady growth of consumption and shape a strong domestic market (2019) ” co-released by ten government departments including National Development and Reform Commission (NRDC) and Ministry of Industry and Information Technology (MIIT).
The Document clarifies to encourage the shipment of green and intelligent household appliances and promote their upgrading. If possible, the appropriate incentives should be launched to consumers. And also, the subsidy should be given to promote the shipment of high quality products, such as “old-to-new” strategy.
It is said that the Document can be seen as the second national policy on promoting household appliance to countryside. The first action was implemented in February of 2009, and by October of 2012, the accumulated shipment of products was 280 million units, with value of 681.9 billion yuan and subsidy of 88.6 billion yuan.