Beijing to subsidize energy-saving home appliances

May 16, 2012 | 11:09 PM |

Metal demand in China may increase after the Chinese government announced it will spend 26.5 billion yuan ($4.2 billion) subsidising energy-saving home appliances. The state council has decided to boost consumption of air-conditioning, flat television set, refrigerator, washing machine and water heating machines that conform to energy-saving requirements with the measure, the cabinet said in a statement published late on Wednesday May 16. Beijing also plans to appropriate 2.2....





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