China's rural home appliance subsidy fruitful
Updated: 2012-11-17 14:33
(Xinhua)
|
||||||||
BEIJING - China's subsidy program for purchases of home appliances in rural areas, which is due to end nationwide on Jan 31, 2013, has brought tangible benefits to people in rural areas, according to an official statement released Saturday.
The Ministry of Finance posted a statement on its official website to guide the work of local authorities as the four-year stimulus program nears its end.
"After its implementation nationwide, the rural home appliance subsidy policy has witnessed conspicuous fruits, including driving up industrial production, promoting consumption and bringing conveniences and benefits to people living in rural areas," the ministry said.
Official data show that home appliance sales in the country's rural areas climbed 18.8 percent year on year to 175.24 billion yuan ($28.11 billion) during the January-October period of this year.
By the end of October, China had subsidized 283 million units of home appliances valued at 681.1 billion yuan since the beginning of the program.
The statement said local authorities across the country should continue to grant subsidies on qualified purchases before the policy ends, as well as enhance management of after-sales service, product quality and market order to safeguard the interests of rural people.
In December 2007, China kicked off a pilot program to subsidize rural home appliance purchases in three provinces in a bid to stimulate rural consumption and improve the livelihood of people living in rural areas.
The country opened the program up to 10 more provinces and cities in December 2008, and the program expanded nationwide in February 2009.
According to detailed regulations, the program would last for four years in all regions, which means the program will end across the country by January 31, 2013.
Under the program, people living in rural areas can receive subsidies equal to 13 percent of the price of designated types of home appliances, including refrigerators, televisions, washing machines, computers and air conditioners.
- New household appliances give homeowners a better lifestyle
- China's rural home appliance subsidy boosts sales
- Rural home appliance subsidy drives up sales
- China's rural home appliance sales surge in Sept
- China produces most home appliances: report
- Rural subsidy program spurs home appliance sales
- China to subsidize energy-saving home appliances
- Relief reaches isolated village
- Rainfall poses new threats to quake-hit region
- Funerals begin for Boston bombing victims
- Quake takeaway from China's Air Force
- Obama celebrates young inventors at science fair
- Earth Day marked around the world
- Volunteer team helping students find sense of normalcy
- Ethnic groups quick to join rescue efforts
Most Viewed
Editor's Picks
Supplies pour into isolated villages |
All-out efforts to save lives |
American abroad |
Industry savior: Big boys' toys |
New commissioner
|
Liaoning: China's oceangoing giant |
Today's Top News
Health new priority for quake zone
Xi meets US top military officer
Japan's boats driven out of Diaoyu
China mulls online shopping legislation
Bird flu death toll rises to 22
Putin appoints new ambassador to China
Japanese ships blocked from Diaoyu Islands
Inspired by Guan, more Chinese pick up golf
US Weekly
Beyond Yao
|
Money power |