On 24 July, China's National Development and Reform Commission (NDRC) and the Ministry of Finance (MOF) jointly issued a circular on ‘Several Measures on Increasing Support for Large-Scale Equipment Renewal and Consumer Goods Trade-in’, which focuses on mentioning the support for the scrapping...
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Through the end of this year, the program is expected to result in 70,000 passenger cars being replaced with new ones, 1 million home appliances being sold, home refurbishment for 51,000 households being made, 250,...