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China rolls out trade-in subsidies again to support ICT device sales
## China: new incentives for the ICT sector
China has announced a new round of economic incentives to support sales of ICT (Information and Communication Technology) devices. The initiative provides subsidies for the purchase of new products, in exchange for scrapping older ones.
The main objective is to revitalize the domestic market, encouraging consumers and businesses to replace obsolete equipment with newer, more performing models. This policy is expected to have a positive impact on the entire sector, stimulating demand and promoting the adoption of cutting-edge technologies.
The incentive program should also help reduce environmental impact by promoting proper disposal of old devices and the purchase of more energy-efficient products. It remains to be seen what the specific details of the initiative and its duration will be.
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