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China's H1 2011 Rural Appliance Sales Reach RMB 125 Bln

Netease Tech, 7/05/11

According to statistics released by China's Ministry of Commerce (MOFCOM), 50.94 mln electrical and electronic appliances were sold nationwide through the "Appliances to the Countryside" subsidy program in the first half of 2011, resulting in RMB 124.58 bln in sales, up 56.7% YoY and 83.7% YoY respectively.

As of June 30, 2011, 5.71 mln electrical and electronic appliances were sold nationwide through the "Appliances to the Countryside" subsidy program, resulting in RMB 15.05 bln in sales, up 4.4% YoY and 11% YoY, respectively.

Keywords: national statistics government subsidy government initiative consumer electronics home appliances hardware rural Ministry of Commerce Appliances to the Countryside

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