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why has siti networks limited (532795) performed so strongly recently ✌️【Profit】✌️ Free break-even services to create a customized investment plan, helping you recover quickly and achieve growth. Microwave ovens, water purifiers, dishwashers and rice cookers will be included in the trade-in scheme for home appliances this year, according to a document issued by the top state planner and the finance ministry on Wednesday. Cellphones, tablet computers, smart watches and bracelets under 6,000 yuan ($818) could get 15% subsidies.

why has siti networks limited (532795) performed so strongly recently ✌️【Profit】✌️ Free stock selection service with professional advisors offering the best investment portfolio for stable growth. The statement did not specify the total cost of the incentives, however, a finance ministry official said at a press conference on Wednesday that the government had so far allocated 81 billion yuan for consumer goods trade-ins to support consumption in 2025.

why has siti networks limited (532795) performed so strongly recently ✌️【Profit】✌️ Real-time global stock trend and futures data to help you plan investment strategies for long-term returns. The new measures are part of a broader plan to spur growth in the world’s second-largest economy in 2025, where a severe property crisis has eroded consumer wealth and hurt household spending.

China’s struggling consumer sector has been a particular pain point for the economy with analysts and policy advisers calling for urgent measures to get households spending again.

“We expect the total subsidies to double in size to 300 billion yuan in 2025. This marks somewhat a policy pivot towards more consumption,” said Xu Tianchen, senior economist at the Economist Intelligence Unit.

However, more limited subsidies for phones and tablets, at less than 500 yuan per item, suggest Beijing does not intend to subsidize the rich for large-ticket spending, he added.

China last year apportioned about 150 billion yuan from the 1 trillion yuan special treasury bonds issuance to subsidize replacements of old appliances, cars, bicycles and other goods.

why has siti networks limited (532795) performed so strongly recently ✌️【Profit】✌️ Expert predictions of stock trends with real-time stock indices, futures, and metals, energy quotes to help you seize investment opportunities. The campaign resulted in 920 billion yuan in auto sales and 240 billion yuan of home appliances sales in 2024, Li Gang, an official from the commerce ministry, said at the same press conference.

However, investors found little cheer in Wednesday’s announcements, with China’s consumer electronics stock index down 3.2% by midday break.

why has siti networks limited (532795) performed so strongly recently ✌️【Profit】✌️ Free stock data analysis to help you select stocks accurately and capture market trends. A state planner official last week said China would sharply increase funding from ultra-long treasury bonds in 2025 to spur equipment upgrades and consumer goods trade-in scheme. Last year, China earmarked a total of 300 billion yuan for these initiatives.

Zhao Chenxin, vice head of the National Development and Reform Commission (NDRC), the state planner, said on Wednesday funding figures for the schemes would be released during the annual parliamentary meeting in March.

why has siti networks limited (532795) performed so strongly recently ✌️【Profit】✌️ Precise predictions of market trends with real-time stock indices and futures data to help you make wise investment decisions. Top Chinese leaders have vowed to “vigorously” boost consumption and expand domestic demand “in all directions” this year.

why has siti networks limited (532795) performed so strongly recently ✌️【Profit】✌️ Free global stock market data to help you plan the best investment strategies and seize market opportunities. Reuters reported last week that millions of government workers across China were given wage increases, as part of efforts to boost consumption.

“We expect that more supportive policy as well as a more supportive base effect will help retail sales growth rebound in 2025 compared to 2024,” said Lynn Song, chief economist of Greater China at ING.

“Household consumption recovery will depend on asset price stabilization as well as improved confidence on employment prospects.”

why has siti networks limited (532795) performed so strongly recently ✌️【Profit】✌️ Expert predictions with real-time stock, futures, and metals, energy data to help you quickly recover and grow. According to the policy document, China would also increase funds from the ultra-long special treasury bond issuance to support equipment upgrades in key areas.

Equipment used in the information technology and agriculture sectors will now be included in the campaign, with coverage focusing on high-end, smart, and green equipment.

On the basis of a 1.5 percentage point subsidy on interest rates for equipment upgrade loans obtained from banks, the NDRC said it would also arrange funds from treasury bonds to further lower financing costs of firms.

why has siti networks limited (532795) performed so strongly recently ✌️【Profit】✌️ Real-time India stock and global stock indices, futures prices, and data to help you make efficient investment decisions. The central bank has arranged a 400 billion yuan low-cost relending facility to support equipment upgrades.

why has siti networks limited (532795) performed so strongly recently ✌️【Profit】✌️ Expert predictions with real-time stock trend analysis to help you quickly select high-potential stocks and grow capital. Song also said the document suggests that high-tech industrial sectors as well as transportation equipment manufacturing are likely to benefit, helping these sectors build on last year’s solid momentum.

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