Retail in Asia

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Home-appliance trade-in policy extended in China

China’s one-year-old home-appliance trade-in policy, which was supposed to conclude at the end of May 2010, has been prolonged to the end of 2011 in Beijing, with the subsidy rates remaining unchanged, local media has reported.

The urban policy is a sister policy of the government’s rural home-appliance subsidy programme. Both schemes have been credited with helping Chinese manufacturers cover deficits and increase surpluses in the last fiscal.