China’s State Planner to expand the scope to implement two new policies

China’s National Development and Reform Commission of the People’s Republic of China (NDRC):

• This year, we will increase efforts and expand the scope to implement two new policies.
• We will continue to support the updating of industrial energy equipment, energy and power, transportation, logistics, environmental infrastructure, education and cultural tourism, medical care, and the updating of old elevators.
• To reduce the financing costs for business entities in equipment updates, the number of types of household appliances eligible for recycling subsidies will increase from 8 last year to 12 by 2025, with a maximum subsidy of 20% of the sales price for each item.
• There will be continued strong support for the replacement of consumer goods and the trade-in of electric bicycles.

NDRC with some more incremental stimmy efforts.

This article was written by Eamonn Sheridan at www.forexlive.com.

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