Searching for "Old for New"
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Chen Deming, director of China's Ministry of Commerce, said recently that the ministry would look into drafting new "Appliances to the Countryside" and "Old for New" government subsidy policies for new and energy-saving electronics and appliances to replace the previous, expiring policies. Read More
China's Ministry of Commerce will reportedly announce a new consumer electronics government subsidy policy to prevent a drop in sales as the "Old for New" and "Appliances to the Countryside" initiatives come to an end. Read More
The latest figures from China's Ministry of Commerce show that as of the end of November 2011, the government-sponsored "Old for New" home electronics subsidy program had sold 81.3 mln units to date, generating over RMB 300 bln in sales. Read More
The Beijing Municipal Commission of Commerce has announced that its government-sponsored "Old for New" home electronics subsidy program will end this month. Read More
Beijing-based IT products B2C e-commerce platform 360Buy has announced it won a recent bid for China's government-sponsored "Old for New" home appliance recycling program to provide consumers with nearly 30% discounts off the retail price for products purchased in exchange for old appliances. Read More
China's Ministry of Commerce, Ministry of Finance, and Ministry of Environmental Protection jointly released an expansion plan on June 3 for the government-sponsored "Old for New" home electronics recycling program. Read More
Chinese electronics retailers Gome (0493.HK) and Suning (002024.SZ) in Guangdong province have reported that they have received no order to halt the government-sponsored "Old for New" home electronics recycling program, though the initiative was set to end on May 31, 2010. Read More
The latest figures from China's Ministry of Commerce show that as of April 20, 2010, the government-sponsored "Old for New" home electronics trade-in program had recycled a total of 10.6 mln old appliances and sold 10.01 mln new units, generating sales of RMB 39.08 bln. Read More
According to statistics from Chinese handset retailer D.Phone, benefiting from its "Old for New" handset trade-in promotion, handset sales volumes during the New Year holiday were 50% higher than the previous year. Read More
Qi Zhenli, deputy party secretary of Guangdong's Economic and Informatization Commission, has revealed that China's "Old for New" nationwide consumer electronics trade-in initiative will continue after the trial period ends this May, and Guangdong will continue the program for another four or five years. Read More