A man inspects a Honda Civic sedan at the old-for-new promotion event in Handan, Hebei province, in April. HU GAOLEI/FOR CHINA DAILY Automakers and local governments have introduced preferential policies and activities to help the trade-in of vehicles, which is expected to boost market demand by 1 trillion yuan ($138 billion), say industry experts. China rolled … Continue reading Policies to lift market demand by 1 trillion yuan
Tag: trade-in
JD to expand trade-in deals to boost consumption
A logo of Chinese e-commerce giant JD. [Photo/IC] Chinese e-commerce platform JD and its partners will invest 6.5 billion yuan ($900 million) this year to encourage consumers to upgrade their refrigerators, televisions, other consumer durables and home furnishings through trade-in deals, as part of the country’s broader efforts to bolster domestic consumption. China is encouraging … Continue reading JD to expand trade-in deals to boost consumption