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China Is Buying Appliances and iPhones. What Happens When the Subsidies Stop?

Shoppers are taking advantage of a $42 billion government trade-in program aimed at boosting spending. But in recent weeks, some cities have started to cut back on the subsidies.

Daisuke Wakabayashi
Author: Daisuke Wakabayashi

Written by

Daisuke Wakabayashi

in

China, Consumer Behavior, Economic Conditions and Trends, Shopping and Retail, Stimulus (Economic)
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