Retail in Asia

In Markets

China: Costlier goods qualify for subsidy in rural areas

China has substantially raised the upper price limit for subsidised home appliances in rural areas in an effort to offer more high-end options to well-off farmers.

The Ministry of Commerce issued a notice on 17 March calling for an increase in the price caps and the types of products eligible under the nation’s "home appliances down to rural areas" scheme.

The government launched the consumption-stimulus programme in 2008. It offers subsidies for purchases of home appliances in rural areas.

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(Source: scmp.com)