Chinese Premier Li Qiang on Tuesday called for efforts to promptly implement the incremental policies to stabilize the country's economy, and strive to accomplish the annual economic and social development targets.
Li, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, made the remarks at a symposium with experts and entrepreneurs to hear their views on China's current economic situation and next steps on economic work.
After listening to speeches of experts and entrepreneurs, Li said efforts should be made to unite thinking and actions on learning and implementing the CPC Central Committee's scientific judgments, decisions and arrangements, so as to effectively solve prominent problems in economic operation and continue to boost confidence in development.
Efforts should be made to accelerate the implementation of policies already introduced and formulate plans for policies currently under study as early as possible, Li said at the symposium.
He also underscored developing new policy options to stabilize the economy and promote development, and launching them timely in accordance with changes in the economic situation.
Work should be done to improve the business environment and stimulate the vitality of enterprises, said Li, who called for solid efforts to provide relief to enterprises in difficulties and implement pro-business policies.
Chinese premier calls for prompt implementation of incremental policies
China's trade-in program for home appliances during the National Day holiday has led to a surge in sales revenues which topped 17.835 billion yuan (about 2.53 billion U.S. dollars), according to data from the Ministry of Commerce (MOC).
During the seven-day National Day holiday starting on Oct 1, nearly 2.52 million consumers purchased 3.745 million units across eight categories of household appliances through the trade-in program, with sales reaching 17.835 billion yuan.
The eight categories were refrigerators, washing machines, televisions, air conditioners, computers, water heaters, household stoves and range hoods.
Among them, the top three categories were air conditioners, refrigerators and computers, with sales reaching 4.519 billion yuan, 3.797 billion yuan, and 2.624 billion yuan, respectively.
Since the introduction of the trade-in policy for home appliances, about 8.24 million consumers have purchased about 11.78 million home appliances in eight categories, generating sales exceeding 55.793 billion yuan.
"The consumer traffic in our store has increased dramatically, almost tripling that of last year, and our sales have more than doubled," said Wang Yisheng, a home appliance store owner in Nanjing City of east China's Jiangsu Province.
The country also reported a surge in vehicle sales. As of Oct 7 midnight, the MOC's automobile trade-in platform had received over 1.27 million subsidy applications, driving new car sales to exceed 160 billion yuan, of which applications for subsidies related to new energy vehicles accounted for more than 60 percent of the total.
"I have been driving my old car for eight years. I am very satisfied with the power, handling and comfort of the new car. After I learned about the generous incentives offered by the government's 'trade-in' policy, I made the purchase without hesitation," said Mr. Chen, a consumer from Yongzhou City of central China's Hunan Province.
China's home appliance sales surge under trade-in program during National Day holiday
