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CN MOC: Local Govts Shall Coordinate Online & Offline Channels for Subsidy Policy Implementation, Accelerating Subsidy Fund Allocation
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The Ministry of Commerce of the People's Republic of China (MOFCOM) issued a notice on putting in the effort on the work of trade-in programs for home appliances and subsidies for the purchase of new digital and smart products urging local governments to swiftly launch subsidy projects around New Year's Day 2025, ensuring that the policy benefits are synchronously covered by coordinating both online platforms and offline stores. The notice requires local governments to accelerate the allocation of subsidy funds, ensuring that eligible subsidy funds are fully disbursed in a timely manner. Local governments should scientifically formulate plans for the use and disbursement of subsidy funds, simplify the review process, and adopt pre-allocation, rollover and other methods to ensure timely and complete disbursement of eligible subsidy funds. AASTOCKS Financial News Website: www.aastocks.com |
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