Statistics

China's rural home appliance sales triple in Jan-Sept

(Xinhua)
Updated: 2010-10-13 17:10

BEIJING - Sales of home appliances in rural China soared during the first three quarters, boosted by a nationwide subsidy program for Chinese rural consumers, according to data released by the Ministry of Commerce (MOC) on Oct 12.

The sales value of home appliances covered by the rural subsidy program tripled year on year to 115.84 billion yuan ($17.35 billion) from January to September, according to a statement on the MOC website.

During this period, the sales of home appliances in the countryside reached 52.57 million units, an increase of 150 percent from one year ago.

Related readings:  Rural home appliance sales more than double in August  Rural home appliance subsidy boosts sales 5 folds  Home appliance sales under subsidy program rise  China sets caps on purchases of subsidized home appliances

Refrigerators, televisions and washing machines were the most popular appliances Chinese farmers bought in the first nine months, as their sales volume accounted for about three-fourths of all home appliances sold, according to the MOC statement.

China started the subsidy program in February 2009 to stimulate rural consumption and buoy the nation's economic growth amid the global economic downturn.

Under the program, Chinese farmers could receive subsidies equal to 13 percent of the price of about 20,000 designated types of refrigerators, televisions, washing machines, computers, air conditioners, mobile phones, water heaters, microwave ovens and traditional ovens.

Earlier this year, another six types of home appliances, including electric bikes, smoke exhaust ventilators, gas stoves, pressure cookers, electric cookers and DVD players, were added to the subsidized list.