China is considering a plan to offer subsidies to encourage wider use of energy-saving home appliances, people familiar with the matter said. Shares of appliance makers rose.
The State Council would need to approve the subsidies plan, which targets makers of appliances including energy-efficient air conditioners and refrigerators, said the people, who asked not to be identified because they weren’t authorized to speak publicly about the matter. The Ministry of Finance, National Development and Reform Commission and Ministry of Commerce are drafting the plan, they said.
