In a significant move to stimulate economic growth and enhance the quality of life for its citizens, Chinese Premier Li Qiang announced plans for large-scale equipment upgrades and consumer goods trade-ins during a State Council video conference on Thursday.
Premier Li emphasized the strategic importance of this initiative, which aims to drive economic transformation and provide tangible benefits to businesses and individuals alike. He urged all regions and government departments to prioritize the campaign and implement it with dedication and efficiency.
The ambitious campaign focuses on four key areas: equipment renewals, trade-ins of consumer goods, recycling of used goods, and elevating industrial standards. By targeting promising industries with strong growth potential, China seeks to replace outdated and inefficient equipment that consumes high levels of energy, emits excessive pollutants, or poses safety risks.
Additionally, the initiative encourages the trade-in of old, costly durable consumer goods, capitalizing on products that have high demand and can invigorate the economy. Premier Li highlighted the importance of developing robust recycling systems and supporting enterprises that specialize in processing and utilizing renewable resources.
\"Our goal is to make these upgrades a standard practice,\" Li stated, underscoring the need for gradual improvements in industrial standards. This approach is expected to ensure sustainable growth and long-term economic resilience.
The meeting was chaired by Vice Premier Ding Xuexiang, with Vice Premiers He Lifeng and Zhang Guoqing, along with State Councilor Wu Zhenglong, in attendance. Their collective commitment signals a unified effort to realize the campaign's objectives and foster a stronger, more sustainable economy.
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China pledges efforts of equipment upgrades, consumer good trade-ins
cgtn.com
