{"id":258642,"date":"2025-12-30T20:39:11","date_gmt":"2025-12-30T20:39:11","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/258642\/"},"modified":"2025-12-30T20:39:11","modified_gmt":"2025-12-30T20:39:11","slug":"china-allocates-8-9-billion-fund-for-2026-consumer-goods-trade-in-scheme","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/258642\/","title":{"rendered":"China allocates $8.9 billion fund for 2026 consumer goods trade-in scheme"},"content":{"rendered":"\n<p class=\"yf-7hmkaz\">BEIJING, Dec 30 (Reuters) &#8211; China has allocated 62.5 billion yuan ($8.94 billion) in ultra-long special treasury bond \u200bfunds to support its consumer goods trade-in \u200cscheme next year, state news agency Xinhua reported on Tuesday.<\/p>\n<p class=\"yf-7hmkaz\">China launched \u200cthe scheme in 2024, offering subsidies when consumers replace old appliances, bicycles and even cars, in a bid to shore up domestic demand amid persistent economic and trade \u2060pressures at home \u200cand abroad.<\/p>\n<p class=\"yf-7hmkaz\">Tuesday&#8217;s report did not specify the total size of the fund for the \u200d2026 scheme. China set aside 300 billion yuan in special treasury bonds this year.<\/p>\n<p class=\"yf-7hmkaz\">In a separate statement jointly issued by China&#8217;s \u200bstate planner and finance ministry, the government said \u200cdigital and smart products will be included in the scheme next year.<\/p>\n<p class=\"yf-7hmkaz\">Smartphones, tablets, smartwatches and smart wristbands will qualify for a 15% rebate, capped at 500 yuan each.<\/p>\n<p class=\"yf-7hmkaz\">Consumers purchasing any of six categories of major home \u2060appliances will also be eligible \u200bfor a 15% subsidy, of \u200bup to 1,500 yuan per item.<\/p>\n<p class=\"yf-7hmkaz\">Buyers scrapping old cars will receive subsidies equal to 12% \u200dof the purchase \u2060price of new energy vehicles, capped at 20,000 yuan, while those replacing older vehicles with new \u2060NEVs will get 8%, up to 15,000 yuan.<\/p>\n<p class=\"yf-7hmkaz\">($1 = 6.9885 Chinese yuan \u200crenminbi)<\/p>\n<p class=\"yf-7hmkaz\">(Reporting by Shi Bu and Kevin YaoEditing \u200cby David Goodman, Kirsten Donovan)<\/p>\n","protected":false},"excerpt":{"rendered":"BEIJING, Dec 30 (Reuters) &#8211; China has allocated 62.5 billion yuan ($8.94 billion) in ultra-long special treasury bond&hellip;\n","protected":false},"author":2,"featured_media":258643,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[174],"tags":[79,381,179,18,19,17,125829],"class_list":{"0":"post-258642","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-china","10":"tag-economy","11":"tag-eire","12":"tag-ie","13":"tag-ireland","14":"tag-treasury-bond"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/115810452456395184","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/258642","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=258642"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/258642\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/258643"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=258642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=258642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=258642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}