China unveils measures to boost car and white goods sales

摘要

China released 24 measures on January 29 to boost domestic consumption, with a specialfocus on vehicles and home appliances. The incentives in the vehicle and white goodssectors, which account for close to 10% and 2% of China's total steel consumption, wouldbenefit flat steel products in particular. But steel market sources remained cautious as towhether the stimulus would have a major impact.