Latest News:  
Beijing   Sunny    21 / 12 ℃  City Forecast

English>>China Business

China's rural home appliance sales surge in Sept.


08:13, October 18, 2012

BEIJING, Oct. 17 (Xinhua) -- China's home appliance sales under the country's rural subsidy program surged 39.4 percent year on year to 17.54 billion yuan (2.78 billion U.S. dollars) in September, the Ministry of Commerce said Wednesday.

In the first nine months, subsidized home appliance sales in China's countryside rose 21.6 percent from a year earlier to reach 153.86 billion yuan, according to a statement posted on the ministry's website.

The volume of appliances sold in the same period increased 12.1 percent to 57.31 million units, the statement said.

As of the end of September, China had subsidized 275 million units of home appliances valued at 659.76 billion yuan since the subsidy program began in 2009.

Sales of color TVs, refrigerators, air conditioners and water heaters all exceeded 20 billion yuan during the first nine months, accounting for 84.2 percent of total sales, according to the statement.

The subsidy program, which will continue until January 2013, is part of the government's efforts to stimulate rural consumption and buoy the nation's economic growth amid the global economic downturn.

Under the program, farmers can receive subsidies equal to 13 percent of the price of the home appliances they buy.

News we recommend:
House prices nudge upward in September Islands dispute benefits carmakers' competitors Sany's bid to usurp Caterpillar
Falsely labeled crabs upset the market A Boon to the Economy 'Right time' for London to build RMB business
Beijing offices still hot properties  The consuming challenge of food safety The dawn of a new growth era


Leave your comment0 comments

  1. Name


Selections for you

  1. 'Gangnam Style' dances ease pressure

  2. Fighters conduct training

  3. Unforgettable moments you can't miss in Oct.

  4. Exhibition marking 60th anniversary of NUAA

  5. Crazy BMW car plunges into river

  6. Sany's bid to usurp Caterpillar

  7. Asia's 1st rare Leica camera auction announced

  8. Actresses of Legend of Zhen Huan

Most Popular


  1. 2nd US debate sees candidates flex China muscle
  2. Abe's visit to shrine to dent China-Japan ties
  3. China, Japan and S. Korea must eye the best
  4. Editorial: Addressing the wealth gap
  5. 'Do the right things' for the economy
  6. Obama outperforms Romney in 2nd debate
  7. Commentary: Japan's propaganda war on Diaoyu
  8. To Put political label on Chinese investors unfair
  9. Tokyo's war crime recognition crucial
  10. China bashing: Shame on American politics

What’s happening in China

Beijing's first govt shelter for abuse

  1. China establishes fire-protection engineer system
  2. Self-made caricaturist draws life of migrants
  3. Most overseas returnees pick jobs at private firms
  4. Beijing's biggest transport hub gears up for action
  5. Cops blamed for death as crowds riot