Chinese premier pledges efforts to promote equipment upgrades, trade
Chinese Premier Li Qiang, also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, speaks while attending a State Council video conference on promoting large-scale equipment upgrades and trade-ins of consumer goods on March 28, 2024. The meeting was chaired by Vice Premier Ding Xuexiang, who is also a member of the Standing Committee of the Political Bureau of the CPC Central Committee. (Xinhua/Rao Aimin)
BEIJING, March 28 (Xinhua) -- Chinese Premier Li Qiang on Thursday pledged to take concrete action to promote large-scale equipment upgrades and trade-ins of consumer goods, in an effort to facilitate economic transformation and improve people's livelihoods.
Speaking during a State Council video conference, Li, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, highlighted the strategic significance of the upgrade campaign and its benefits for the economy, businesses and individuals.
He called on all regions and government departments to attach great importance to the campaign and make solid efforts to carry it out.
Li said the campaign should be market-oriented and government-guided, and it should include four major areas: equipment renewals, trade-ins of consumer goods, the recycling of used goods, and the leveling-up of standards.
China will prioritize equipment upgrades in promising industries with powerful driving forces, accelerate the elimination of dated or inefficient equipment with high levels of energy consumption, high emissions or hidden safety risks, and focus on supporting the trade-ins of costly durable consumer goods that are urgently needed and can drive the economy, Li said.
Work will be done to accelerate the development of recycling systems and encourage the concentrated, large-scale development of enterprises engaged in the processing and utilization of renewable resources, Li said.
He also called for industrial standards to be lifted gradually so that these upgrades become normal practices.
The meeting was chaired by Vice Premier Ding Xuexiang, who is also a member of the Standing Committee of the Political Bureau of the CPC Central Committee. He Lifeng and Zhang Guoqing, both vice premiers, and State Councilor Wu Zhenglong also attended the meeting.
Related articles
Billionaire Frank McCourt says he's putting together a consortium to buy TikTok
Billionaire businessman and real estate mogul Frank McCourt said he’s putting together a consortium2024-05-17TikTok users losing access to Taylor Swift, Billie Eilish songs
Photo: CFOTO / NurPhoto via AFP2024-05-17Chinese court sentences Australian Yang Hengjun to death with two
By Tom Crowley and Stephen Dziedzic, for ABCChinese-Australian writer Yang Hengjun attends a lecture2024-05-17Christopher Luxon, Anthony Albanese to discuss defence and security at first official meeting
Prime Minister Christopher Luxon's first official visit since taking office will be to Sydney, where2024-05-174 people die in Croatia when car carrying migrants hits a wall as driver attempts to flee police
ZAGREB, Croatia (AP) — A car carrying migrants on Thursday skidded off road and hit a wall in southe2024-05-17US regulator grounds Boeing MAX 9 indefinitely, flights cancelled
An Alaska Airlines Boeing 737 MAX 9 plane sits at a gate at Seattle-Tacoma International Airport on2024-05-17
atest comment