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#jiangsu

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#LocalGovernments will be in charge of many practicalities. The city of #Suzhou, in #China’s wealthy #Jiangsu province, already began, announcing subsidies worth 100 million yuan (S$19.2 million) for #cars – up to 6,000 yuan per buyer – and 20 million yuan for #appliances, or a maximum 1,500 yuan for each machine, starting April 20.

#China wants everyone to trade in their old cars, fridges to help save its economy
straitstimes.com/business/chin

The Straits Times · China wants everyone to trade in their old cars, fridges to help save its economyTrade-ins have the potential to speed up growth, currently forecast to fall a bit short of China’s target of about 5%. Read more at straitstimes.com.