Subsidy Program to Stop at the End of May
According to the related government agency, a subsidy program for high efficiency constant-speed air conditioners, which has lasted for two years, will end at the end of May. The demand and supply of high efficiency constantspeed air conditioners will be regulated by the market instead of the subsidy program. During the past two years, the subsidy program has significantly enhanced the market penetration of high efficiency air conditioners, and at the same time, greatly benefited the air conditioner manufacturers and the whole industry.
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