Chinese companies started to subsidise purchases of kitchen appliances on Friday in a trial aimed at boosting domestic consumption, an industry body said, the latest step to lift China’s economy which is mired in its worst slowdown in three years.
Shoppers buying home appliances including microwave ovens, electric cookers, electric fans and extraction fans will be subsidised by as much as 10 percent of the sales price, the China Household Electrical Appliances Association said.
(Source: The Business Times )