Guangzhou offers new subsidies to boost spending

Guangzhou, capital of Guangdong province, has put in place trade-in subsidies for compatriots from Taiwan and the Hong Kong and Macao special administrative regions as well as foreign nationals, in order to further spur and expand consumption.

The move also aims to help the large number of merchants and business representatives from outside the mainland who attend the 137th China Import and Export Fair, enhance their shopping experiences as well as fully sense the charm of the southern metropolis, which is an international consumption center.

The trade fair, the largest such event in the country, opened in the city on Tuesday and will last until May 5. It is expected to attract a large number of overseas merchants and business people in the following weeks.