National Development and Reform Commission of the People’s Republic of China (NDRC):
- This year, we will increase efforts and expand the scope to implement two new policies.
- We will continue to support the updating of industrial energy equipment, energy and electricity, transportation, logistics, environmental infrastructure, education and cultural tourism, medical protection and updating of old elevators.
- In order to reduce the costs of financing business entities in updating equipment, the number of types of household appliances that meet the conditions for a recycling subsidy will increase from 8 last year to 12 by 2025, with a maximum subsidy of 20% of the selling price for each item.
- Strong support for replacement of consumer goods and trade in electric bicycles will continue.
NDRC with some more incremental efforts for stimmy.
This article was written by Eamonn Sheridan at www.forexlive.com.
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