China will from today provide a subsidy for energy efficient air conditioners of up to 850 yuan (US$125) per unit as part of its efforts to boost domestic consumption and to cut carbon dioxide pollution.
The subsidy for energy efficient products will last three years and be expanded to 10 categories, including refrigerators, flat panel televisions and electrical products, in the near future, according to a statement by the Ministry of Finance and the National Development and Reform Commission, the country's top economic planner....... http://en.ce.cn/Business/Macro-economic/200906/01/t20090601_19216616.shtml
ARU Price at posting:
78.5¢ Sentiment: Buy Disclosure: Held
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