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global tradeCNBC
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88% Informative
China announced allocation of 300 billion yuan ( $41.5 billion ) in ultra-long special government bonds to expand its existing trade-in and equipment upgrade policy.
Half that amount is aimed at subsidizing trade-ins of cars, home appliances and other bigger-ticket consumer goods, while the rest is for supporting upgrades of large equipment such as elevators.
China 's retail sales for August are due Saturday morning .
ATRenew operates stores for processing secondhand goods.
CFO Rex Chen says the ultra-long government bonds program to support trade-ins does not have a short-term impact.
Trade-in orders coming from e-commerce platform JD.com have risen by more than 50% year on year .
VR Score
92
Informative language
94
Neutral language
56
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Language
English
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53
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Time-value
short-lived
External references
4
Source diversity
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