Business丨Steps afoot to spur domestic demand

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China has roll ed out more forceful measures to promote large-scale equipment upgrades and consumer goods trade-ins, as the world's second-largest economy has put boosting demand high on its work agenda this year in the face of domestic and external headwinds, officials and experts said on Wednesday. Significantly increased funding from ultra-long term treasury bonds and extended coverage of eligible items will further spur these business investments and consumption-boosting initiatives, allow more households and enterprises to reap the benefits, and give a much-needed boost to the country's economic recovery, they said. ▲ A car that is part of the trade-in program attracts potential buyers during an expo in Nanning, Guangxi Zhuang autonomous region. Peng Huan/For China Daily Last year's experience shows that these initiatives have been proven effective in driving consumer demand and catalyzing investment growth, as well as facilitating industrial upgrading and supporting the count ………………………………