Government subsidies in China boost digital product sales to $20 bn in four months

Chinese government’s subsidies to boost domestic consumption in the country to offset declining exports resulted in heavy sales of digital products like smartphones, tablets, smartwatches totalling to about USD 20 billion in the past few months, the commerce ministry here has said. As of Thursday, over 48 million consumers had participated in the digital products subsidy scheme, buying a total of 51.48 million products and generating about 143.3 billion yuan (approx USD 19.9 billion) in sales, the ministry said on Friday.