Now buying smartphones and smartwatches etc. will become cheaper in China. Actually, now the government will give subsidy on smartphones and other electronic goods. The Chinese government has taken this step to increase domestic expenditure. Currently, subsidies are available on cars and home appliances in China. This year its scope will be expanded to include smartphones, tablets and smartwatches etc. Experts hope that this decision will increase the sales of companies.
People using the same smartphone for a long time
Since the Corona epidemic in China, people are using the same smartphone for a longer time. In view of this, the Chinese government has decided to give subsidy on these. This is not only expected to increase the sales of smartphone companies like Xiaomi and Huawei, it will also increase the business of platforms like Alibaba and JD.
American sanctions are also increasing the difficulties
Trade war has been going on between China and America for a long time. Due to this, America has imposed sanctions on many Chinese companies. Their business is being affected by this. The decision to give subsidy on smartphones is also being seen as an attempt to reduce this effect.
Huawei is giving huge discounts
To increase its sales in the premium segment, Chinese smartphone company Huawei is offering huge discounts on its models. Huawei’s premium phone Pura 70 Ultra (1TB) is now available for around Rs 1.06 lakh, whereas its price at the time of launch was Rs 1.28. Similarly, the company is offering 19 percent discount on its foldable phone Mate X5, after which its price has come down to Rs 1.23 lakh. Let us tell you that Huawei is the second largest company in the premium segment in China after Apple with 33 percent market share.
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