China's digital product market has received a major boost as the Ministry of Commerce rolled out a nationwide subsidy program on Monday, providing a 15 percent discount on eligible products, including smartphones, tablets, and smartwatches, which has fueled a surge in orders.
The new subsidy program, announced by the Ministry of Commerce on Jan. 15, gives a 15 percent discount on the sales price of eligible digital products priced below 6,000 yuan (around 835 U.S. dollars) per item. Each consumer can receive a maximum subsidy of 500 yuan (about 70 U.S. dollars) per product, with a limit of one subsidized item per category.
The subsidy program, which covers digital products such as smartphones, tablets, smartwatches, and wristbands, has ignited a wave of consumer excitement, driving a sharp increase in production orders across the industry. It has been implemented in 29 regions across China, including Beijing, and will gradually be rolled out in other places.
In Beijing, a leading digital products store is offering subsidies on over 400 products from multiple brands, providing customers with a wide range of options to take advantage of the discount.
The store sold 20 mobile phones within just two hours on Monday, a testament to the intense consumer interest in the subsidized products.
"We have prepared sufficient stock, with the stock volume being five times the usual level," said Liu Jincheng, staff member at the digital product store.
In Changxing County, east China's Zhejiang Province, mobile phone shops were bustling with buyers on Monday, many of whom were eager to take advantage of the subsidies to purchase their desired products.
"The total discount amounted to over 1,000 yuan (about 137 U.S. dollars), which is enough for me to buy a watch. The discount is quite generous," said Xu Siyan, one of the customers.
China's digital product market sees surge in sales as subsidy program takes effect
Peaceful protests originally driven by economic conditions in Iran spiraled into more volatile and violent unrests as a result of foreign agents infiltrating the demonstrations, Iranian professor Foad Izadi has said.
Protests have erupted in several Iranian cities since late December over the sharp fall in the national currency, the rial, and long-standing economic hardships. The reported death toll from the unrest on both sides of the security forces and civilians is mounting.
During an interview with China Global Television Network (CGTN), Izadi, a professor of world studies at the University of Tehran, said that what began as peaceful demonstrations in the Iranian capital and across the country soon grew into something far worse as a result of outside interference.
"Initially, we had legitimate protests. Iran's currency fluctuated, and a number of shopkeepers were affected negatively by because of this fluctuation. It was a peaceful protest, nothing happened, no injuries, nothing. But quickly, we had organized opposition, generally led by the former Shah's son, that took over these demonstrations. So in the last 10 days or so, we have had no real demonstrations," he said.
Izadi said that there are signs that certain foreign countries are responsible for fomenting unrest on the ground.
Writing on social media earlier this month, former U.S. Secretary of State Mike Pompeo, who is also a former director of the Central Intelligence Agency, did acknowledge the presence of Israeli agents operating on the ground in Iran, wishing "Happy New Year to every Iranian in the streets. Also to every Mossad agent walking beside them."
"We have had riots. We have had Mossad agents infiltrating these riots and shooting at the police. We have had over 100 police casualties in the last 10 days or so. How do we know that? The former CIA director and former Secretary of State, Mike Pompeo, sent these Mossad agents New Year's message greeting, saying that alongside protesters you have Mossad agents walking, which is true, because Iranian authorities have arrested a number of Mossad agents," Izadi said.
The scholar said the infiltration is an attempt to provoke riots by Israel, which he views as a violent agitator, noting that the country killed over 70,000 Palestinians in the Gaza Strip during its assault on the besieged enclave.
"So we have confirmation on the American side, and we have confirmation on the Iranian side, that this is not a protest. When you have intelligence services of a regime that finished killing 70,000 people just a few months ago infiltrating demonstrations, that is not demonstrations. That's going to be riots," he said.
U.S. President Donald Trump has repeatedly threatened military action against Iran if the country's leadership continued to crack down on protests.
Peaceful protests turned violent with foreign infiltration: Iranian political scholar
