BEIJING – China’s call for its people and organisations to upgrade big-ticket items like cars, appliances and industrial equipment could boost the economy in the short term, but this is no silver bullet for ensuring sustained growth, given the country’s long-term structural challenges.
Subsidies, tax incentives and refinancing tools would be extended to relevant projects, according to a government action plan unveiled on March 14.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
