Aerial photo taken on April 19, 2022 shows a seeding machine guided by the BeiDou Navigation Satellite System working in a cotton field in a farm of a division of Xinjiang Production and Construction Corps in northwest China's Xinjiang Uygur Autonomous Region. [Photo/Xinhua] China has released an action plan to promote the large-scale renewal of equipment and the trading-in of consumer goods. The action plan, issued by the State Council, the country's cabinet, is aimed at bringing more high-quality durable consumer goods into people's lives, smoothing the recycling chain of resources, and significantly improving the quality and level of economic circulation. According to the action plan, the scale of equipment investment, in areas including industry, agriculture, construction, transportation, education, culture, tourism and medical care, is planned to increase by more than 25 percent by 2027 compared with last year. As of 2027, the recycling volume of scrapped vehicles is planned to roughly double from 2023, and used car transactions will increase by 45 percent, while the recycling of used household appliances will increase by 30 percent compared with 2023, the plan states. The plan specifies 20 key tasks in five sectors, including equipment renewal, trading-in of consumer goods, recycling of used goods, standard leveling-up and policy reinforcements, along with fiscal and financial support. |
China to build 5 tugboats for Egypt's Suez CanalNYC enters phase three of reopening minus indoor diningComicomment: RecordXi Urges Guangxi to Write Its Chapter in Chinese ModernizationIndians in China say life was peaceful in China until Indian's ban of WeChatXi Congratulates U.S.Iran, Syria sign agreement to expand comprehensive military cooperationUK announces fresh measures to support jobs, spur recovery amid coronavirus crisisOrange harvest in central Gaza StripXi Inspects City of Laibin in South China's Guangxi