China will issue remaining consumer goods subsidies at stable rate, state media says
The central government has allocated 162 billion yuan ($22.54 billion) out of 300 billion yuan in special treasury funds under the scheme to local governments, the report said.
The scheme, a major campaign to revive household consumption in the world's second-biggest economy, helped retail sales rise last month. However, at least six cities and municipalities across China have suspended trade-in subsidies for car buyers in June, according to Reuters' review of government announcements.
($1 = 7.1863 Chinese yuan renminbi)
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