# subsidies
Latest news and articles about subsidies
Total: 7 articles found
Beijing Pumps Rmb62.5bn into Spring Festival Stimulus, Turning Smart Gadgets Into This Year’s Must‑Buy
China has launched a Rmb62.5 billion Spring Festival subsidy program that prioritises trade‑ins for affordable smart devices, offering consumers 15% rebates up to Rmb500 on phones, tablets and wearables priced under Rmb6,000. The measures aim to stimulate near‑term spending while accelerating mass adoption of connected hardware, benefiting mid‑range manufacturers and related supply chains.
Chinese Cities Move to Curb ‘Involution’ in Food-Delivery Price Wars Ahead of Spring Festival
Several Chinese municipal market regulators have ordered food-delivery platforms to halt low-price, subsidy-driven “involution” ahead of the Spring Festival, banning predatory subsidies, ‘‘choose-one’’ exclusivity, data-based price discrimination and coercive promotional tactics. The measures aim to protect small merchants, restore market order during a high-demand period, and push platforms to shift from capital-driven growth to value creation.
Beijing Injects Rmb20.5bn into Lunar New Year Consumption Blitz — Prize-invoice lottery and loan subsidies aim to jump‑start spending
Beijing has deployed roughly Rmb20.5 billion in vouchers, subsidies and prizes over a nine‑day Lunar New Year period to spur household spending, backed by a larger Rmb625 billion trade‑in fund and a Rmb100 billion prize‑invoice pilot. The package combines fiscal transfers, retail supply measures and financial easing aimed at converting available goods and services into sales, but its long‑term effectiveness depends on household confidence and income growth.
AI's Bubble‑Tea Blitz: Alibaba's Qianwen Floods Shops with Millions of Low‑Cost Orders
Alibaba’s Qianwen used a RMB 3 billion subsidy campaign to drive an early wave of AI‑powered shopping, triggering more than 10 million orders in nine hours and overwhelming some bubble‑tea shops and couriers. The promotion succeeded at user acquisition but exposed technical glitches, uneven merchant economics and limits in AI recommendations when customers sought novelty.
Chongqing Offers Millions to Drive Industrial AI: Grants for Data, Vertical Models and ‘Intelligent Agents’
Chongqing has launched a targeted subsidy programme to accelerate AI adoption in manufacturing, offering up to RMB5 million per project with specific rewards for industrial datasets, trusted data spaces and vertical AI models. The measures align municipal incentives with Beijing's national push for industrial AI, prioritising domain-specific data and applications while raising governance and coordination questions.
Foshan’s Hydrogen-Bus Gamble: Subsidies Buy an Industry Cluster — Not Always Service on the Road
Foshan invested heavily in hydrogen fuel‑cell buses to foster a local hydrogen industry, buying roughly 1,000 vehicles and supporting refuelling infrastructure. High fuel costs, falling ridership and limited fiscal space have left many buses parked after they reach subsidy thresholds, exposing the gap between industrial demonstration and operating economics.
Pinduoduo Bulks Up Lunar New Year Push with Deep Subsidies and Supply‑Chain Boosts
Pinduoduo has amplified its Lunar New Year campaign by upgrading a large subsidy programme and launching three major promotional tracks under its 百亿补贴 channel, combining deep price cuts, coupon and membership incentives, and targeted supply‑chain support. The move aims to spur festival spending, broaden market access for domestic and global fresh produce, and consolidate the platform’s reach into China’s counties and western regions.