The favorable policy for trade-ins of used consumer goods in China is poised to boost the country's economy and benefit millions of Chinese consumers as they enjoy deeper discount.
China released an action plan to promote the large-scale renewal of equipment and the trading-in of consumer goods in March.
The action plan, issued by the State Council, the country's cabinet, is aimed at bringing more high-quality durable consumer goods into people's lives, smoothing the recycling chain of resources, and significantly improving the quality and level of economic circulation.
The incentives for replacing old appliances with new ones not only have the goal of reducing energy consumption and carbon emissions but also aim to stimulate the economy by revitalizing the home appliance market.
"The expanding second-hand market for consumer goods in China has led to a steady increase in sales of home appliances and new vehicles. What's more important, the targeted measure not only boosts sales but also prompts companies to upgrade their products for better competition in these markets," said Wang Wei, researcher of the Development Research Center of the State Council.
Favorable trade-in policy to stimulate Chinese economy, benefit people
People across China have been enjoying various intriguing cultural performances and exciting recreational activities during the week-long National Day holiday that started on Oct.1.
Zhengzhou, capital of central China's Henan Province, opened an archaeological site of the Shang Dynasty (1600 BC-1046 BC) to the public during the holiday. The event offers the distribution of the Shang Dynasty relics and architectures, and relics display area, restoration demonstration area, touch area for visitors.
Meanwhile, flocks of extreme sports enthusiasts were deeply attracted by different high-altitude events, such as bungee jumping, via ferrata, and zip lining at the Zhangjiajie Grand Canyon scenic area in Zhangjiajie City of central China's Hunan Province.
In Pingshan County of southwest China's Sichuan Province, the local government used an ancient town as a stage for live cultural performances, and visitors can also enjoy the ethnic Yi dance in the area.
Sheyang County of east China's Jiangsu Province set up a 100-meter-long scroll, which attracted many parents and children to paint and express their love and blessings to the motherland, and arranged cultural performance such as face-changing performance of Sichuan Opera, lion dancing, Huai Opera and acrobatic shows.
Linfen City of north China's Shanxi Province also actively promoted the low-altitude economy by opening five helicopter bases that provide aerial tours of major scenic spots such as Guangsheng Temple in Hongtong County, Yunqiu Mountain in Xiangning County, and Hukou Waterfall in Jixian County.
"It's my first time to take this helicopter. It means that now ordinary people can also take short trips in the sky. It's nice and shocking to see the whole landscape from a high place," said tourist Zhao Ke.
"Such way of traveling let me have a deeper understanding of the history and culture of Hongtong County and our natural scenery," said tourist Liu Hangrui.
People across China enjoy intriguing cultural, recreational activities during National Day holiday
