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

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: Hong KongAustraliaChinaThailandUnited States

Topics: Bonds Regions World Transport Insights Fintech Insights Asia Market Insights Transport Electric Vehicles ESG

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-26 @ 07:18:04 (3 days 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: 21823198

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