The China Daily, quoting a government official, reported on Wednesday that the Chinese government is planning new policies for boosting domestic consumption, particularly of vehicles and appliances, in a bid to offset the effects of sagging export demand.
Huang Hai, former assistant minister of commerce and a member of the economic and trade policy consulting committee linked to the Ministry of Commerce said the government is working on new measures with tax rebates on vehicles and domestic appliances either having expired or due to expire.
The paper said these measures can include subsidies for families living in affordable housing that buy electrical appliances and for consumers planning to change cars.
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