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China subsidy program to bring in 150 billion yuan in domestic spending, says official

Phoebe Chen, Taipei; Jessie Shen, DIGITIMES Asia Wednesday 4 March 2009 0

The China government's stimulus plan to subsidize sales of home appliances, handsets and computing products in rural areas is estimated to bring in 150 billion yuan (US$21.9 billion) in domestic spending, according to the region's Ministry of Commerce...

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