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Beijing to subsidise smartphone purchases in bid to lift spending
The Straits Times
|January 04, 2025
China will expand consumption subsidies to cover smartphones and other electronics, in a step to promote domestic spending as external headwinds pick up.
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A national trade-in programme that currently applies to home appliances and cars will broaden in 2025 to include personal devices like phones, tablets and smartwatches, officials from the nation's top economic planning agency said in a briefing on Jan 3.
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