More consumption incentives needed

Quick Summary:

Heightened efforts are needed to allow more households in townships and counties to enjoy consumption-friendly subsidies from the consumer goods trade-in program, and reinforce the dominant position of enterprises in technological innovation, said Jia Shaoqian, chairman of Chinese home appliance manufacturer Hisense Group.

More efforts should be made to achieve breakthroughs in core technologies in key fields, including basic materials and software, precision components, integrated circuits and high-end equipment, to enhance China's independent innovation capacity, Li said.

The country announced in January a raft of measures to expand the scope of the consumer goods trade-in program amid a broader drive to boost domestic demand and spur economic growth.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChina

Topics: Consumption /Business/Business News Technology Subsidy Hisense

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-05 @ 14:12:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 594 words

Reading Time: 4 minutes read

Sentences: 18 lines

Sentence Length: 33 words per sentence (average)

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

Copyright Owner: © The Star

News ID: 26675137

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 35 posts per day

Year Established: 1971

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News Last Updated: 25 minutes ago

Coverage Areas: Malaysia

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Publisher ID: #22

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