HomeEconomyChina's move to boost car, electronics sales disappoints markets Economy China's move to boost car, electronics sales disappoints markets By inew July 21, 2023 0 38 views Share FacebookTwitterPinterestWhatsApp TSLA -9. Add to/Remove from Watchlist Add to Watchlist Add Position Position added Successfully to: Type: SELL Date: Price Point Value: 1: : 400 1000Commission: Create New Watchlist Create Create a new holdings portfolio Add Create + Add another position Close BEIJING (Reuters) -Chinese authorities announced measures on Friday intended to help boost sales of automobiles and electronics with the goal of shortening up a sluggish economy, but the steps failed to impress investors who have been clamouring for stronger stimulus. purchase quotas and efforts will be made to support sales of second-hand vehicles, said a statement on automobile consumption published by 25 government agencies including state planner National Devel opment and Reform Commission. Policymakers have identified China’s auto industry as a key lever to boost growth as China’s post-pandemic economic recovery slows. 6月，他们出人意料地将新能源汽车购置税减免政策延长至11。 But domestic consumer demand remains weak and the world’s largest auto market has been struggling with a Tesla-induced price war ” Authorities have announced similar moves in recent months, but failed to lift the market, China Auto Index fell 0.3%, Electronics fell 0.6%, while the benchmark index rose 0.1%. “The support is unlikely to boost consumption significantly at a time when people are generally reluctant to spend due to a lack of confidence in the economic recovery,” UBS said in a note on Friday. Investors said they were disappointed by China’s weak second-quarter growth and hoped for stronger stimulus, with some pinning their hopes on a Politburo meeting later this month. Share FacebookTwitterPinterestWhatsApp Previous articleSamuel L. Jackson says cut scene in 'A Time to Kill' prevents him from considering Oscar: 'You just took that from me'Next articleNothing Phone (2) goes on sale today in India inewhttps://inew.news RELATED ARTICLES Economy ECB’s Lagarde bets that rates held at record high will curb inflation September 25, 2023 Economy DWS to pay $25 million to end US probe into greenwashing, other issues September 25, 2023 Economy Japan to compile economic package to ease inflation pain September 25, 2023 LEAVE A REPLY Cancel reply Comment: Please enter your comment! Name:* Please enter your name here Email:* You have entered an incorrect email address! Please enter your email address here Website: Save my name, email, and website in this browser for the next time I comment. USA Trends Messi-mad Indian mom driving to Qatar to see hero in his final World Cup December 7, 2022 Drew Brees fakes lightning strike in promotional stunt for online sportsbook December 3, 2022 Who could be speaker, if not Kevin McCarthy December 3, 2022 3 bold Utah football predictions for Pac-12 Championship vs. USC December 3, 2022 Load more LAST NEWS ‘A Silence’ Review: Joachim Lafosse’s Dark and Probing Pedophilia Drama Turns Decidedly Bleak September 25, 2023 Boone focused on ’24 Yanks, not job status September 25, 2023 $200 Million In Crypto Lost As Mixin Network Comes Under Attack September 25, 2023 Bitcoin Social Media Talk Drops To 3-Month Low, All Eyes On Altcoins? September 25, 2023 Load more Featured NEWS Here's what Rich Aurilia has to say about the judge calling him an idol September 22, 2022 With key players injured, which Yankees will step up to the plate? March 11, 2023 Tragamonedas De /ar/desert-treasure-2/ balde cinco Tambores March 17, 2023 Will Sasso, Kevin Macdonald & Paul Spencer to Star in Action-Comedy 'Dina' 89 (Exclusive) May 30, 2023 Load more
