China to further promote equipment renewals, trade-ins of consumer goods

On Friday, China's State Council interministerial joint conference office for reducing enterprise burdens said it would vigorously intensify efforts to promote large-scale equipment renewals and consumer goods trade-ins.

The office will strengthen the coordination and collaboration of various policies, including taxation, finance, investment, land, science and technology, and optimize implementation methods to generate cumulative and amplification effects.

The office will further urge relevant departments and local authorities to standardize administrative law enforcement actions related to enterprises and promote inclusive, prudent regulation and flexible law enforcement methods.

Effective measures will be studied and proposed as soon as possible to address the concerns of market entities, according to the office.