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Real-time News
On August 31, seven departments, including the Ministry of Commerce, released an implementation opinion on promoting the expansion and upgrading of commodity consumption. The opinion points out the need to strengthen the research and development of key technologies and core components, and expand the application of technologies such as brain-computer interfaces and artificial intelligence in areas such as age-friendly products and rehabilitation assistive devices. It also calls for increased promotion of high-quality products listed in the "Catalogue of Products for the Elderly," promoting the entry of products such as exoskeleton robots, electric wheelchairs, and smart mattresses, as well as equipment for health monitoring, bowel and bladder care, patient transfer, and bathing assistance into elderly households. The opinion explores the establishment of a certification system for silver-haired products. It encourages commercial and trade enterprises to set up dedicated sales areas for age-friendly products, promoting their entry into supermarkets, hotels, communities, hospitals, pharmacies, and elderly care institutions.On August 31, seven departments, including the Ministry of Commerce, issued an implementation opinion on promoting the expansion and upgrading of commodity consumption. The opinion points out that home appliance sales companies are encouraged to collaborate with manufacturers and recycling companies to conduct promotional activities. It also calls for making good use of support funds from pilot cities for the modern commercial and trade circulation system to promote professional and standardized home appliance recycling services in streets, communities, and villages, facilitating the dismantling and recycling of used home appliances and the delivery and installation of new products, and upgrading home appliance sales networks, warehousing and distribution centers, and after-sales service outlets.On August 31, seven departments, including the Ministry of Commerce, released an implementation opinion on promoting the expansion and upgrading of commodity consumption. The opinion points out the need to accelerate the promotion of smart home applications, cultivate a number of large home decoration companies and platforms with honest operations and standardized services, guide enterprises to launch personalized and diversified product and service packages, vigorously develop customized, order-based, and appointment-based services, support enterprises in establishing smart home experience centers, and support families in carrying out whole-house smart renovations. It also calls for improving the waste furniture recycling system and supporting enterprises in carrying out "new delivery + old collection" and "Internet + recycling" services.On August 31, seven departments, including the Ministry of Commerce, released an implementation opinion on promoting the expansion and upgrading of commodity consumption. The opinion points out the need to deepen the pilot reform of automobile circulation and consumption, accelerate the removal of unreasonable restrictive measures in the automobile circulation and consumption sector, innovate automobile use management models, and expand automobile consumption across the entire chain. It also calls for relevant regions to optimize automobile purchase restrictions to better meet residents car-buying needs. Furthermore, it emphasizes cultivating and expanding the automotive aftermarket, supporting the development of automobile modification, maintenance, motorsports, and RV camping, and establishing a system for the identification and management of classic automobiles. The opinion also calls for improving inter-departmental information sharing mechanisms and establishing an information exchange system covering the entire lifecycle of automobiles, including sales, registration, repair, insurance, and scrapping. Finally, it calls for improving the management system for used car circulation, promoting the mutual recognition of unified invoices for used car sales, and implementing tiered and classified management of used car dealers.The Hong Kong Monetary Authority (HKMA) reported that Hong Kong dollar money supply M2 and M3 both rose by 1.0% in July, up 5.6% and 5.5% respectively compared to the same period last year. Seasonally adjusted Hong Kong dollar money supply M1 fell by 0.5% in July, down 0.6% compared to the same period last year, partly reflecting investment-related activity. Total money supply M2 and M3 both rose by 1.1% in July, and both increased by 10.2% compared to the same period last year.
