Price Caps of Home Appliances to the Countryside Scheme Raised

2009-06-01
The Ministry of Commerce and the Ministry of Finance as well as 9 other ministries issued the Regulation on the Operation of Home Appliances to the Countryside Scheme. According to the regulation, price caps of some of the products were raised; for instance, the upper price for air conditioners was raised from RMB 2,500 (about US$ 367) to RMB 4,000 (about US$ 587).
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