Latest News:  
Beijing   Sunny/Thundershower    32 / 25 ℃  City Forecast

English>>China Business

New subsidy policy

(Global Times)

08:52, August 08, 2012

China Household Electrical Appliance Association announced Tuesday that it will offer subsides for small home appliances and kitchen and bath products of as much as 10 percent nationwide from Friday in a bid to promote sales.

The home appliances include microwave ovens, rice cookers, soybean milk machines and water purifiers, and retailers such as Gome Electrical Appliances and Dazhong Electronics are included in the program, according to the association.

According to the plan, the subsidy will be 50 yuan when the price of each small appliance reaches 500 yuan ($1.57), and the subsidy for kitchen and bath products could reach 100 yuan for products costing 1,000 yuan. All the subsidies are in cash.

China to launch ETFs

China is preparing to launch exchange-traded funds (ETFs) tied to the domestic bond market, the Shanghai Securities News reported Tuesday, to open up its investment market.

Guotai Asset Management Co and Bosera Asset Management Co will likely be among the first firms to launch such funds, the paper said. Bosera has already received preliminary approval from the Shanghai Stock Exchange to begin preparatory work.

Hanlong cuts bid

China's Hanlong Group has cut its offer for Australia-listed miner Sundance Resources by 30 percent to A$1.2 billion ($1.27 billion) to reflect the weak commodities outlook, a source with direct knowledge said.

Hanlong and Sundance are still in talks over the revised offer, the source said.

News we recommend:
Luxury brands continue to cash in on China market Rare earth regulation justified Growth to bounce back in H2
Lamborghini sees 20-30% rise in supercar sales Ad campaigns are competing hard in London Major lenders broaden horizons and flex financial muscles
US takes trade remedy actions against China  Chinese prefer foreign brands Mascot maker feels pinch of rising labor costs


Leave your comment0 comments

  1. Name


Selections for you

  1. SAF guard company honored

  2. Syrian children at Al Zaatri refugee camp in Jordanian city

  3. Chinese firms turn to Internet

  4. Don't eat these foods with peel

  5. Giant sunfishes

  6. Strawberry extract may help protect skin

Most Popular


  1. Why U.S. veteran go on shooting rampage?
  2. Officials, you are not above the people
  3. Editorial: Avoid big stimulus plan
  4. At a development crossroads
  5. Clinton visit won't affect China-Africa ties
  6. Washington stuck in political paralysis
  7. Commentary: Outlook not that pessimistic
  8. Editorial: Mission for eurozone leaders
  9. UN resolution adds pressure to Syria gov't
  10. What is wrong with products made in China?

What's happening in China

Young mothers gather to breast-feed babies

  1. 13 killed, 3 missing in central China rainstorm
  2. Huaxi once again aims sky-high with own copter
  3. E. China city braces for typhoon Haikui's landfall
  4. Companies charge to up viewing figures
  5. Survey: Students prefer variety shows to news

China Features

  1. Why Hollywood favores China's actresses?
  2. Dongfeng Honda to recall 76,000 CR-Vs
  3. How to protect yourself during heavy rainstorms?
  4. Are synthetic drugs toxic?
  5. Amway vitamin C tablets short in weight

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai