China to Boost Smartphone Sales with New Subsidies and Enhanced Trade-In Program - PRESS AI WORLD
PRESSAI
All categories
Recent Posts
side-post-image
Aaron Glenn Returns to Jets as Head Coach, Aiming to End 14-Year Playoff Drought
user-iconAtlas Winston
side-post-image
Judge Denies Bob Menendez’s Request for New Trial Over Improper Juror Evidence
user-iconAtlas Winston
Contact Phone:
Economy

China to Boost Smartphone Sales with New Subsidies and Enhanced Trade-In Program

share-iconFriday, January 03 comment-icon2 weeks ago 5 views
News sources:
scmpSCMP
China to Boost Smartphone Sales with New Subsidies and Enhanced Trade-In Program

Credited from: SCMP

  • China is set to **subsidise consumers** buying new smartphones in a bid to boost **sluggish domestic consumption**.
  • The country will expand its **consumer trade-in programme** to include personal digital devices such as smartphones and tablets.
  • Officials from the **National Development and Reform Commission** announced upcoming investments in **ultra-long-term treasury bonds** to support the initiative.
  • Despite an increase in retail sales by **4.8% year-on-year** in October, November saw a decline, with major cities experiencing drops in consumer spending.
  • Analysts predict that the trade-in programme may have a **lesser impact on consumption** in 2024 due to potential limitations on available trade-in goods.

For more details, visit the original article: SCMP.

SHARE THIS ARTICLE:

TAGS:

China Smartphone Subsidies Trade-in program Economy Consumer goods Retail sales
author-dp

Author:

Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

nav-post-picture
date-iconJanuary 03, 2025 Mark Zuckerberg's Transformation into the Ultimate "Wife Guy"
date-iconJanuary 19, 2025 People’s March Draws Crowds in Washington as Trump Prepares for Inauguration
nav-post-picture
Related Posts
main-post-image
WORLD NEWS
Secretary of State Rubio Engages Quad Nations to Strengthen Regional Alliances Amidst Rising China Tensions
date-iconJan 23, 2025
main-post-image
POLITICS
Trudeau Warns of Strong Response to Potential US Tariffs and Highlights Canada's Role in Trump's Economic Vision
date-iconJan 22, 2025
main-post-image
WORLD NEWS
Families of Trafficked Chinese Seek Help to Free Loved Ones from Myanmar Scam Gangs
date-iconJan 22, 2025
main-post-image
POLITICS
Xi Jinping and Vladimir Putin Strengthen Ties in Video Call on Inauguration Day of Donald Trump
date-iconJan 22, 2025
main-post-image
WORLD NEWS
Putin and Xi Reaffirm Alliance Amid Trump’s Inauguration, Eyeing Global Stability
date-iconJan 22, 2025
main-post-image
WORLD NEWS
People’s March Draws Crowds in Washington as Trump Prepares for Inauguration
date-iconJan 19, 2025

Stay Connected

main-post-image
Politics
Donald Trump’s Second Inaugural Address: A Pledge for a ‘Golden Age’ of America
date-icon January 21, 2025
main-post-image
Politics
Israeli Cabinet's Vote on Gaza Ceasefire Deal Under Threat Amid Hamas Accusations
date-icon January 16, 2025
main-post-image
Sports
Erling Haaland Commits to Manchester City with Record 10-Year Contract
date-icon January 17, 2025
main-post-image
World News
Flandreau Santee Sioux Tribe Lifts Kristi Noem's Ban from Reservation Land
date-icon January 18, 2025

Tags

Stay informed effortlessly with PRESS AI WORLD, the AI-powered news summarizer that delivers concise, easy-to-read global headlines tailored to your interests.

Categories

Recent Posts

side-post-image
Aaron Glenn Returns to Jets as Head Coach, Aiming to End 14-Year Playoff Drought
user-iconAtlas Winston
side-post-image
Judge Denies Bob Menendez’s Request for New Trial Over Improper Juror Evidence
user-iconAtlas Winston
© 2025 All rights reserved | PRESS AI WORLD