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
Consumer fatigue and scaled-back policy support led to sharp sales declines in automobiles and home appliances in the first half…
Reduced rebates and narrower product eligibility have muted the impact of the government’s stimulus policy, prompting it to…
Despite surge in exports, the economy remained under pressure in May, with first decline in retail sales seen since end of Covid…
The downturn comes after policymakers reduced trade-in subsidies and ended a decade-long tax exemption
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
