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CNBC AI News, August 22nd — The Shenyang Municipal Bureau of Commerce has announced the reinstatement of subsidies for consumer electronics, signaling a renewed push to stimulate local spending.
In an official statement released today, the Bureau confirmed that the “national subsidy” program, aimed at boosting sales through trade-in initiatives, will resume from August 22nd to October 8th. This program focuses specifically on new purchases of smartphones, tablets, and smartwatches/bands.
Individual consumers can access the subsidy program through platforms like UnionPay and JD.com. However, prospective buyers should note that the daily allocation of subsidy qualifications is limited. They’re distributed on a first-come, first-served basis, and availability is capped each day.
Subsidy qualifications are released daily between 9:30 AM and 6:00 PM local time. Successful claimants must use their qualification before midnight of the same day, otherwise, it will expire.
The subsidy program’s other operational rules remain consistent with Shenyang’s previously established guidelines for phone, tablet, and smartwatch/band trade-in subsidies.
Eligible products are limited to smartphones, tablets, and smartwatches/bands priced at no more than 6,000 yuan per unit.
This upper limit applies to the final sale price after all manufacturer, distributor, and mobile carrier discounts have been applied. The price reflected on the invoice issued in Shenyang will be used to determine eligibility. Products exceeding the 6,000 yuan price threshold will not qualify for the subsidy.
The subsidy offers a 15% discount on the purchase price, with a maximum subsidy of 500 yuan per item.
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