BEIJING (Reuters) – China will expand the scope of home appliance replacement to 12 categories this year from the eight included last year, the country’s deputy chief state planner said on Wednesday.
Consumers will receive subsidies of 20% of the sales price of each new home appliance this year, said Zhao Chenxin, vice chairman of the National Development and Reform Commission (NDRC).
Support will also continue for the purchase of residential furniture and the replacement of electric bicycles, Zhao said.
According to a document released by the NDRC and the finance ministry on Wednesday, microwave ovens, water purifiers, dishwashers and rice cookers will be included in the home appliance replacement scheme.
