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
Nonprofit Chicago production house Invisible Institute wins 2 Pulitzer Prizes
CHICAGO (AP) — A nonprofit Chicago journalism production company dedicated to holding public institu2024-05-07Small clique politics draws firm opposition
U.S.-Japan ties should not undermine peace and stability, China saysThe relationship between the Uni2024-05-07Dramatic shift from Pacifism raises concern
Japan's recent military buildup, which marks a dramatic shift from its Pacifist Constitution, is cau2024-05-07Rural area shining example of development
A photo shows two boats parked outside a restaurant in Hengshanwu village of Anji county, Zhejiang p2024-05-07Cyberstuck! Tesla's 'apocalypse
Tesla's Cybertruck is touted as being 'apocalypse-proof,' but one driver still managed to get the $72024-05-07- The newly upgraded military initiatives of Japan's alliance with the United States are escalating co2024-05-07
atest comment