China to expand old-for-new car, appliance schemes


BEIJING, Nov 29 (Reuters) - China will expand schemes that give consumers a discount if they trade in old cars and household appliances for new ones, Vice Commerce Minister Jiang Zengwei said. The programmes would contribute to a fresh drive by the government to boost rural and urban consumption next year to push up overall economic growth, Xinhua news agency quoted Jiang at the weekend as telling a forum in Beijing. The trade-in offers, along with tax rebates for rural buyers of ...

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