BusinessPhoto: NDTV WorldChina Invests $37 Billion to Boost Consumer Spending on Tech
China has allocated about $37 billion (250 billion yuan) for a consumer trade-in program to encourage purchases of new smartphones, smart glasses, and energy-efficient appliances. By August, the scheme supported sales worth 1.55 trillion yuan. The program aims to boost domestic consumption and expand markets for technologies like AI devices. Sales of communications equipment rose 27.3% year-on-year in August, while smart glasses sales surged 120% in the first eight months.
NDTV World·




