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China steps up efforts in promoting consumer goods trade-in

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China steps up efforts in promoting consumer goods trade-in

2024-09-16 02:12 Last Updated At:09:07

China's National Financial Regulatory Administration announced on Saturday that consumer finance companies and auto finance enterprises need to step up efforts to support equipment update and consumer goods trade-in.

To be more specific, consumer finance companies should make full use of policies, innovate financial product services, as well as actively support the environment-friendly and quality replacement and upgrading of residents’ durable consumer goods.

While auto finance enterprises ought to strengthen financing support to public transportation, promote the application of new energy vehicles, reduce the down payment for car loans appropriately under the premise of law, compliance and risk control, determine the term of the car loan and line of credit reasonably, lower the threshold for automobile consumption, as well as enrich the supply of automobile finance products.

East China's Zhejiang Province is one of the areas that have started to put efforts in consumer goods trade-in.

Recently, it has rolled out an action plan to further promote trade-in.

It has included old house renovation, with finishing materials, such as facing bricks, flooring and wallboards, enjoy a 20-percent subsidy of the purchase price. The maximum amount of subsidy per person per house is no more than 20,000 yuan (about 2,819 U.S. dollars).

As for furniture, getting rid of the old furniture will not create extra costs if users buy new furnishing. Meanwhile, professional workers will be responsible for picking up the old furniture at no extra cost.

"The general public doesn’t know how to deal with large old furniture. If they need help, they have to pay extra. So, part of the subsidy has been used in this way. Namely, we put ourselves in the shoes of consumers, and allow them to fully enjoy the preferential policies of the government," said Liu Hong, head of a local household supplies company.

Regarding home appliances, apart from refrigerators, washing machines, TVs, air conditioners, computers, water heaters, cookers and kitchen hoods, Zhejiang also provides subsidies for intelligent service robots and smart dishwashers in accordance with local consumers' needs.

"The introduction of these detailed rules is an implementation of the previous comprehensive plan on further promoting trading-in of consumer goods, which not only meets people's needs for home improvement, but also allows the government to provide subsidies in a more precise and effective way," said Zheng Xiaofeng, deputy director of Zhejiang Development and Planning Institute's industrial development research institution.

China steps up efforts in promoting consumer goods trade-in

China steps up efforts in promoting consumer goods trade-in

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Expanded charging network boosts NEV use during National Day holiday

2024-10-04 17:07 Last Updated At:17:37

More users of new energy vehicles (NEVs) are hitting the road during this year’s National Day holiday, as an expanded public charging network in China is significantly alleviating range anxiety for drivers.

Since Tuesday, the first day of the week-long holiday, expressways in east China's Jiangsu Province have seen daily traffic exceed 150,000 vehicles, with nearly 10 percent being NEVs. In Taizhou City, a service area reported all 12 charging piles occupied around 14:00 on Wednesday.

"The number of charging piles has doubled, and they are all fast chargers. What's even more reassuring is that the staff are always here to serve us, which really eases my range anxiety," said Meng Haoyang, a NEV driver.

Similar scenes were observed in Anhui Province, where electric vehicles are arriving for charging every ten minutes at a service area equipped with 16 functioning charging piles available around-the-clock.

"It is quite convenient to charge our vehicles here since there are staff providing full service, which reduces our waiting time," said Jiang Hao, another NEV driver.

A famous tourist attraction, the Shimen Village in Wuyuan County, Jiangxi Province has drawn an increasing number of visitors going on holiday via electric vehicles, thanks to the construction of a new EV charging station.

"It is very convenient. The car is parked outside being charged while we're enjoying our tour around the village. Things can be done simultaneously without delay," said a tourist Wan Qian.

Data from the State Grid's smart vehicle networking platform showed EV charging volume at expressway stations reached a record 15.58 million kilowatt-hours during the first two days of the holiday, up 56 percent from the same period last year.

Local authorities are actively fostering a user-friendly environment to accommodate the surge in EV traffic.

In Pinghu City, Zhejiang Province, three mobile charging stations have been added to a service area on the busy Shenyang-Haikou Expressway to resolve drivers' range anxiety and offer more flexible charging options.

"We have prepared mobile charging piles in service areas with large traffic and charging demand for the holiday, guiding drivers to charge in an orderly and fast manner," said Zhu Zhenyuan, a staff member from the State Grid Pinghu Power Supply Company.

The coverage of charging stations has been further expanded across the country.

In Hanzhong, Shaanxi Province, charging facilities are available in all service areas and tourist attractions.

In Xiaogan, Hubei Province, 600 villages and rural scenic spots have been equipped with charging stations during this holiday, greatly facilitating tourist trips and family visits for EVs owners.

Expanded charging network boosts NEV use during National Day holiday

Expanded charging network boosts NEV use during National Day holiday

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