Chinese Premier Li Qiang on Tuesday called for strengthened coordination among different policies and departments to jointly advance high-quality development while presiding over a study session of the State Council in Beijing.
Emphasizing the consistency of macro policy orientations, Li called on all departments and regions to ensure the mutual connectivity and the inner unity of various policies to push for sustainable and sound economic and social development.
Li stressed the need to set goals based on the overall demand of economic and social development, urging efforts to make policies conducive to stabilizing growth and expectations under the economic downward pressure.
He called for strengthened synergy and complementarity of policy measures, and appropriate timing, pace and intensity in policy implementation, as well as standardized law enforcement and supervision concerned with enterprises.
Li said non-economic policies should be included into consistency evaluation of macro policy orientations.
Chinese premier highlights policy coordination for high-quality development
Chinese premier highlights policy coordination for high-quality development
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
