In 2010, China will increase its stimulus plan for TV and mobile phone subsidies in rural areas.
According to Zhang Shaochun, deputy minister of finance, in a report, China will increase its subsidy stimulus plan for rural areas in 2010. Zhang Shaochun said in the report that subsidies for TV and mobile phone purchases will double, while subsidies for other products will increase by 25-70%.
Zhang Shaochun said that as of December 15, 2009, the shipments from the stimulus plan could reach 34.3 million units. At the same time, the government issued a total of 6.29 billion yuan (about 921.11 million US dollars).
According to sources, in 2011, LCD TV shipments in the Chinese market are expected to reach 37 million units, up from 23 million to 25 million units in 2009.
According to data released by the China Electronic Chamber of Commerce (CECC), sales of 40-inch and larger LCD TVs increased by 50% year-on-year from January to November 2009. Moreover, in 2010, the market segment It is expected to seize 60% of China's LCD TV market share.
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