The government is injecting new funds into a scaled-back trade-in program as a multiyear push to revive domestic consumption loses momentum
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China will inject a fresh 62.5 billion yuan ($9.2 billion) into consumer trade-in subsidies by the end of June as the government battles the first contraction in retail sales since 2023.
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中国の小売総額、3年5カ月ぶりのマイナス 消費刺激策の効果薄れる：朝日新聞
China's consumer spending declines for first time since pandemic
Despite surge in exports, the economy remained under pressure in May, with first decline in retail sales seen since end of Covid…
China's NDRC will disburse 62.5 billion yuan by end of June for consumer trade-in subsidies covering appliances, EVs, and…
May figure misses expectations as fading stimulus, property slump stifle demand
The subsidy scheme has been key to lifting China’s consumer spending this year. But it is expensive – and may be creating new…
Retail sales jumped to boost economy in May thanks to slew of government incentives and subsidies that need to continue during…
The announcement came in the same week that Beijing’s top leadership called for greater efforts to unlock domestic demand.
