China Is Buying Appliances and iPhones. What Happens When the Subsidies Stop?

nytimes.com/2025/07/14/business/china-economy-consumer-subsidies.html

Shoppers are taking advantage of a $42 billion government trade-in program aimed at boosting spending. But in recent weeks, some cities have started to cut back on the subsidies.

This story appeared on nytimes.com, 2025-07-14 04:01:20.
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