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MNI BRIEF: China Consumption Policy Support Working - NDRC

MNI (BEIJING) - China’s investment in the purchase of equipment and tools increased by 16.8% during the first eight months of the year, demonstrating the government’s success in supporting equipment upgrading and consumer goods trade-ins, Zhao Chenxin, deputy director at the National Development and Reform Commission, said at a press conference on Monday.

Sales of refrigerators, washing machines, TVs, air conditioners, and computers on JD.com increased by 128%, 86%, 130%  240% and 52% year-on-year respectively, reflecting policy effects, Zhao added.

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MNI (BEIJING) - China’s investment in the purchase of equipment and tools increased by 16.8% during the first eight months of the year, demonstrating the government’s success in supporting equipment upgrading and consumer goods trade-ins, Zhao Chenxin, deputy director at the National Development and Reform Commission, said at a press conference on Monday.

Sales of refrigerators, washing machines, TVs, air conditioners, and computers on JD.com increased by 128%, 86%, 130%  240% and 52% year-on-year respectively, reflecting policy effects, Zhao added.

Keep reading...Show less