China.. 'everything'
What’s covered under these subsidiesThis isn’t just a phone exchange scheme, it’s a full-blown tech refresh. Here’s what’s eligible for incentives:
- Consumer tech: Smartphones, laptops, tablets, smartwatches, TVs, ACs, washing machines, refrigerators
- Vehicles: Gas-powered and electric cars, public buses, heavy trucks, even farm vehicles
- Industrial equipment: Manufacturing, energy, and agricultural machinery now part of “upgrade-and-replace” programs
hindustantimes.com
Why is China paying people to ditch their old phones and fridges? Big stimulus play explained
By Boudhaditya Sanyal
Updated on: Jul 16, 2025 12:39 pm IST
China is asking and paying people to let go of their old phones, refrigerators and appliances, here is why.
In a bold and unusual move, China is paying people to upgrade their smartphones, home appliances, cars, and even tractors. From direct cashbacks to hefty trade-in discounts, a nationwide upgrade push is underway, targeting nearly every corner of consumer life. The aim? Spark spending, boost factory output, and modernize everything from households to heavy machinery.
China making moves and urging citizens to upgrade appliances. |
