Chinese Premier Li Qiang chaired a State Council executive meeting Friday, which approved an action plan to promote large-scale equipment renewal and trade-in of consumer goods.
The meeting deliberated work on accelerating the construction of a modern infrastructure system and facilitating the integrated high-quality development of the Yangtze River Delta.
The meeting also discussed draft amendments to three laws, including one on the promotion of agricultural technologies.
Highlighting the importance of equipment renewal and trade-in of consumer goods, the meeting demanded an increase in advanced production capacity and high-quality durable consumer goods for residents. The goal is to ensure that this campaign benefits enterprises and consumers.
The meeting called for more fiscal and financial support to facilitate equipment renewal in fields including construction, municipal infrastructure, transport, agriculture, education, and medical treatment. It also underscored the need to promote the trade-in of consumer goods such as automobiles and home appliances.
Efforts will also be made to establish and improve a recycling and reuse system to promote the re-manufacturing of waste or worn equipment and enhance resource recycling and utilization capacity.
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