New Rules for Home Appliance Trade-In Program Introduced: Individuals Can Buy Up to 5 Subsidized Appliances

Xinhua News Agency, Beijing, June 24 (Reporters) - On June 24, reporters learned from the Ministry of Commerce that the Ministry of Commerce and 7 other ministries and commissions recently jointly issued the "Implementation Measures for the Trade-In of Home Appliances (Revised Draft)", which stipulates that during the promotion and implementation period of the home appliance trade-in policy, individuals may purchase a maximum of 5 subsidized home appliances.

In the newly issued revised draft of the implementation measures, the promotion and implementation period of the home appliance trade-in policy is tentatively set from June 1, 2010 to December 31, 2011. During the policy implementation period, for individuals purchasing new home appliances, the total quantity shall not exceed 5 units; for units purchasing new home appliances, the total quantity shall not exceed 50 units.