Business丨More consumption incentives needed

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Heightened efforts are needed to allow more households in townships and counties to enjoy consumption-friendly subsidies from the consumer goods trade-in program, and reinforce the dominant position of enterprises in technological innovation, said Jia Shaoqian, chairman of Chinese home appliance manufacturer Hisense Group. "The country's consumer goods trade-in program has not only stimulated the consumer market and bolstered consumption upgrades, but also greatly promoted the popularity of green and energy-saving products while improving people's quality of life," said Jia, who is also a deputy to the 14th National People's Congress, China's top legislature. ▲ Employees at work on Hisense's TV assembly line in Qingdao, Shandong province. Li Zheng/Xinhua In the fourth quarter of last year, sales of Hisense's home appliances surged more than 30 percent year-on-year fueled by the trade-in program, Jia said, adding that high-quality and intelligent products with high energy efficiency ………………………………