China: Beijing bets on rice cookers and microwaves to boost economy
Source: BBC
The Chinese government has expanded a list of products that people can trade in to get a discount of as much as 20% on new products as the country tries to boost its flagging economy.The list now includes items like microwave ovens, dishwashers, rice cookers and water purifiers.State-backed trade-in schemes already covered televisions, phones, tablets and smart watches as well as electric and hybrid vehicles.The…
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