- China’s digital product sales have hit approximately $20 billion in four months, driven by government subsidies.
- The surge encompasses smartphones, tablets, and smartwatches, encouraging domestic consumption.
- Over 48 million consumers participated, purchasing 51.48 million products.
- The initiative is part of a broader strategy to stimulate economic growth through consumer spending.
- Retail sales of communication appliances have significantly increased, indicating a shift towards higher-end smartphones.
👉 Why this matters: China’s approach demonstrates how targeted subsidies can effectively boost consumer demand and stimulate economic activity.
🔗 Source: Times of India
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