Dongguan will issue new subsidies of 80 million and 50 million RMB for the purchase of automobiles and home appliances, respectively

Dongguan recently launched nine targeted measures to precisely stimulate the economy from multiple dimensions, including enterprise production, investment promotion, consumption activation, and service guarantees, with substantial financial support to fully drive the "good start" of the economy in the first quarter.

In terms of promoting consumption, Dongguan will allocate RMB 150 million (the same below) to deeply carry out the "Guangdong Quality Products Purchase" and "Happy Shopping in Dongguan" series of activities. Among them, RMB 80 million is allocated for new car purchase subsidies, with a maximum subsidy of RMB 5,000 per vehicle; RMB 50 million is allocated for new purchases of home appliances, electronic products, and local quality product subsidy activities; RMB 10 million is allocated for issuing "Spring Festival Consumption Red Envelopes," mainly for consumption scenarios such as shopping malls, supermarkets, and factory stores; and RMB 8 million is allocated for issuing "Eating in Dongguan" dining consumption vouchers