【Fujian: Supports Local Car Consumption-Promoting Activities】On May 28, the General Office of the People's Government of Fujian Province released the “Fujian Province Consumption Boosting Special Action Plan” (hereinafter referred to as the “Plan”).
The Plan proposes to intensify the efforts of trade-in programs, to further tap into the potential of consumption and to promote the upgrading of consumer goods. On the basis of the existing policies, it encourages more local advantageous products such as building materials and sanitary fittings to participate in trade-in activities, thus achieving the co-development of “the new” and “the excellent.” The Plan also calls for the combination of people-oriented projects with consumption promotion, expanding the scope of the trade-in program to the service consumption sector according to national deployment requirements, and improving the efficiency of fund utilization to benefit a wider range of consumers. The Plan emphasizes the need to improve the fund utilization and regulatory system, and to accelerate the application, review, and disbursement process.