Official: Equipment renewals create 5-trillion-yuan market in China
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E-mail China.org.cn, April 12, 2024
China's latest initiative of equipment renewals and consumer goods trade-ins will offer substantial market opportunities, with the annual demand for equipment renewal in key sectors exceeding 5 trillion yuan (US$690.91 billion), Zhao Chenxin, vice chairman of the National Development and Reform Commission, said at a policy briefing Thursday.
