China’s Xi Seeks to Boost Auto, Appliance Sales in Consumer Push

The Chinese government seeks to boost the sales of traditional consumer products including cars and home appliances, state broadcaster CCTV reported, citing a meeting hosted by President Xi Jinping.

“Accelerating product renewal and replacement is an important measure to promote high-quality development,” Xi said in the central financial and economic meeting held on Friday, according to CCTV. “We must encourage and guide a new round of large-scale equipment upgrades and the replacement of old consumer goods with new ones.”