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Best Technology Stocks in India Expert Selected Market Trends ✌️【Stock Trends】✌️ Real-time India stock and global stock indices, futures prices, and data to help you make efficient investment decisions. 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.

Best Technology Stocks in India Expert Selected Market Trends ✌️【Stock Trends】✌️ Free stock selection services backed by expert predictions. Our advanced analytics and real-time market data will help you stay ahead of the competition and make smart, profitable investment decisions. 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.

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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.

Best Technology Stocks in India Expert Selected Market Trends ✌️【Stock Trends】✌️ Gain access to professional investment advice, free market trend analysis, and real-time stock market data. Make informed decisions and unlock the full potential of your investments with expert predictions and guidance. 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.

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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.

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“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.”

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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.

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