China to increase equipment investment by 25% through 2027

China will boost investment in equipment in seven major areas, including industry, agriculture, and construction, by at least 25% for the 2023-2027 period, an official of the National Development and Reform Commission said Thursday, citing a recently issued action plan.

April 12, 2024

Official: Equipment renewals create 5-trillion-yuan market in China

China's latest initiative of equipment renewals and consumer goods trade-ins will offer substantial market opportunities, with the annual demand for equipment renewal in key sectors exceeding 5 trillion yuan (US$690.91 billion), Zhao Chenxin, vice chairman of the National Development and Reform Commission, said at a policy briefing Thursday.

April 12, 2024

Financial aid backs equipment renewal

China will offer "strong" financial support to promote the large-scale renewal of equipment and the trade-in of consumer goods, and fiscal support from the central government will focus on key areas like new energy vehicles, said officials from the country's top industry regulators on Thursday.

April 12, 2024

China to up financial support for equipment upgrades, trade-ins of consumer goods

​China will provide strong financial support for large-scale equipment renewals and trade-ins of consumer goods, an official said Thursday.

April 12, 2024

China to upgrade standards regulating equipment renewals, trade-ins of consumer goods

China has released an action plan to optimize the standards regulating equipment renewals and trade-ins of consumer goods, in the country's latest effort to facilitate economic transformation and improve people's livelihoods.

April 11, 2024