From Reuters
Shoppers buying home appliances including microwave ovens, electric cookers, electric fans and extraction fans will be subsidized by as much as 10 percent of the sales price, the China Household Electrical Appliances Association said.
"The scheme is aimed at benefitting consumers and stimulating market demand," a statement published on the association's website (www.cheaa.org) said on Thursday.
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I guess it makes sense considering the Chinese government's lip service about stoking internal demand. However, I doubt you an move the second largest economy in the world on microwave ovens and fans.
Shoppers buying home appliances including microwave ovens, electric cookers, electric fans and extraction fans will be subsidized by as much as 10 percent of the sales price, the China Household Electrical Appliances Association said.
"The scheme is aimed at benefitting consumers and stimulating market demand," a statement published on the association's website (www.cheaa.org) said on Thursday.
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I guess it makes sense considering the Chinese government's lip service about stoking internal demand. However, I doubt you an move the second largest economy in the world on microwave ovens and fans.
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