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(From AFX Europe (Focus))
BEIJING (XFN-ASIA) - The Ministry of Finance said it will expand a pilot campaign to subsidize rural purchases of home appliances to the rest of the country from Feb 1.
The ministry said in a statement that the government will offer a 13 pct subsidy to rural residents buying televisions, refrigerators, mobile handsets and washing machines at sales outlets where prices will be capped at authorized levels. The measures will be effective for four years until January 2013.
Judging from the outcome of a ...