China's Strategic Boost in Consumer Trade-ins

China's commitment to stimulating its consumer market is evident as the state planner and finance ministry announce plans to distribute consumer goods trade-in funds in separate installments.

Scheduled for July and October, this initiative aims to sustain the momentum in the usage of subsidy funds, aligning with government expectations.

According to Xinhua, a state news agency, funds from the central government will be released in a systematic order during the third and fourth quarters, underlining the stability of this policy.

(With inputs from agencies.)