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China to Use Bonds to Pay For Consumer Trade-in Scheme

Asia Financial LogoAsia Financial19h ago

China to Use Bonds to Pay For Consumer Trade-in Scheme - Asia Financial

Quick Summary:

Planning agency says it will use $20.7 billion from special bonds being issued this year to subsidize replacement home appliances, cars, bicycles and other items

The post China to Use Bonds to Pay For Consumer Trade-in Scheme appeared first on Asia Financial.

In their current form, the trade-ins can also be seen as back-door manufacturing subsidies, as they direct household resources towards industries that have built large inventories due to expanding capacity in a subdued demand environment.


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Article Details

Author / Journalist: Jim Pollard

Category: InvestingBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-26 @ 07:18:04 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: asiafinancial.com

Language: English

Article Length: 749 words

Reading Time: 5 minutes read

Sentences: 28 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Asia Financial

News ID: 21782652

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About Asia Financial

Main Topics: InvestingBusiness

Official Website: asiafinancial.com

Update Frequency: 6 posts per day

Year Established: 1990

Headquarters: Hong Kong

News Last Updated: 14 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #86

Publisher Details

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The story "China to Use Bonds to Pay For Consumer Trade-in Scheme" was covered 19 hours ago by Asia Financial, a news publisher based in Hong Kong.

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It's most recent story was published 14 hours ago.

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  • News ID: #21782652
  • URL: https://beamstart.com/news/china-to-use-bonds-to-17219865886737

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