CHINA WILL BOOST SUPPORT FOR EQUIPMENT UPGRADES AND CONSUMER GOODS TRADE-INS

China will step up support for its program of equipment upgrades and consumer goods trade-ins. China will expand support for equipment upgrades to sectors of energy, electricity and batteries, the cabinet was quoted as saying."Large-scale equipment upgrades and replacement of consumer goods are a strong driving force, and increasing policy support will help better release the potential of domestic demand," the cabinet was quoted as saying.

China will coordinate the allocation of ultra-long special treasury bond funds to further promote equipment upgrades and consumer goods trade-ins, the cabinet said without elaborating.

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