China's recent government subsidy scheme allows consumers to purchase discounted iPhones and other electronics, with discounts covering up to 15% of the purchase price for eligible items. This initiative, aimed at boosting domestic demand post-COVID, has encouraged retailers to lower prices for iPhones to qualify. The scheme is part of broader efforts to revitalize the economy, which has faced sluggish growth and challenges in the residential property sector, with additional support for other efficient consumer goods and incentives for tourism as travel restrictions ease.
China is currently offering substantial subsidies for consumer electronics such as iPhones, potentially making them more affordable for buyers in the country.
The new subsidy scheme encourages the sale of smartphones, tablets, and smartwatches, with prices dropped to ensure eligibility for a government discount.
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